Expenses 36.000 79,000 Net Income b. Prepare Studio Photography's statement of owner's equity for the year ended December 31 2024 Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal Willis, Capital January 1, 2024 Willis Capital December 31, 2024 Help me solve this Etext pages Get more help Requirements Prepare the following financial statements for Studio Photography a. Income statement for the year ended December 31, 2024 b. Statement of owner's equity for the year ended December 31, 2024. C. Balance sheet as of December 31, 2024 Print Done Data table Accounts Receivable 14.000 8.000 2 Insurance Expense Cash Accounts Payable Advertising Expense Service Revenue Willis, Withdrawals 5,000 36,000 9,000 1.000 115,000 17.000 Notes Payable Willis, Capital, Dec 31, 2024 Salanes Expense Equipment Owner contribution 30.000 78,000 29 000 Print Done more help 0 FA FS FE FZ FB FE FID FIL FIE