Feather Light Travelling Trains has completed all of its journal entries and adjusting entries for the month of December 2019. The adjusted trial balance is shown below. Note: during the month of December, the owner of Feather Light Travelling Trains invested $7,800 into the business.

Feather Light Travelling Trains Adjusted Trial Balance December 31, 2019
Account Titles	DR	CR
Cash	$ 8,240
Accounts Receivable	$ 7,650
Prepaid Insurance	$ 1,990
Equipment	$ 64,330
Accumulated Depreciation-Equipment		$ 1,810
Accounts Payable		$ 9,420
Interest Payable		$ 100
Unearned Revenue		$ 5,170
Bank Loan		$ 15,560
Murray, Capital		$ 49,340
Murray, Withdrawals	$ 1,720
Service Revenue		$ 5,460
Advertising Expense	$ 330
Depreciation Expense	$ 290
Insurance Expense	$ 270
Interest Expense	$ 500
Rent Expense	$ 1,540
Total	$ 86,860	$ 86,860

Required

Prepare the income statement, statement of owner's equity, and balance sheet.

Do not enter dollar signs, negative signs, or commas in the input boxes.

Feather Light Travelling Trains
Income Statement
For the Month Ended December 31, 2019
Revenue
Service Revenue		Answer
Expenses
Advertising Expense	Answer
Depreciation Expense	Answer
Insurance Expense	Answer
Interest Expense	Answer
Rent Expense	Answer
Total Expenses		Answer
Net Income (Loss)		Answer

Feather Light Travelling Trains
Statement of Owner's Equity
For the Month Ended December 31, 2019
Murray, Capital at December 1, 2019		Answer
Add:
Net Income (Loss)	Answer
Investments	Answer
Total Additions		Answer
Subtotal		Answer
Less: Murray, Withdrawals		Answer
Murray, Capital at December 31, 2019		Answer

Feather Light Travelling Trains
Balance Sheet
As at December 31, 2019
Assets
Cash		Answer
Accounts Receivable		Answer
Prepaid Insurance		Answer
Equipment	Answer
Less: Accumulated Depreciation-Equipment	Answer
Net Equipment		Answer
Total Assets		Answer
Liabilities
Accounts Payable	Answer
Interest Payable	Answer
Unearned Revenue	Answer
Bank Loan	Answer
Total Liabilities		Answer
Owner's Equity
Murray, Capital		Answer
Total Liabilities and Owner's Equity		Answer