Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2015, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $32,970 at May 1, 2014, the beginning of the year, and the owner withdrew 516,200 during the year. $11,380 Accounts payable Accounts receivable 60,920 Cash 122.970 433,800 3,370 Fees earned Miscellaneous expense Rent expense Supplies 56,180 5,300 8,990 Supplies expense Taxes expense 10,000 Utilities expense 33.710 160,510 Wages expense Required: 1. Prepare an income statement for the year ended April 30, 2015 , . Wilderness Travel Service Income Statement For the Year Ended April 30, 2015 Fees earned Expenses: Wages expense Rent expense Utilities expense Supplies expense Taxes expense Miscellaneous expense Total expenses Net income 2. Prepare a statement of owner's equity for the year ended April 30, 2015. Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2045 Harper Borg, capital, May 1, 2014 s Net income for the year Withdrawals Harper Borg, capital, April 30, 2015 Net income for the year 3. Prepare a balance sheet as of April 30, 2015. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2045 Assets 3. Prepare a balance sheet as of April 30, 2015. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2015 Assets Cash Accounts receivable Supplies Total assets Liabilities Accounts payable Owner's Equity Harper Borg, capital Total liabilities and owner's equity 4. What item appears on both the income statement and statement of owner's equity? Harper Borg, capital