Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $60,220 at May 1, 2018, the beginning of the year, and the owner withdrew $29,500 during the year. Accounts payable $20,490 Accounts receivable 109,700 Cash 221,460 Fees earned 792,400 Miscellaneous expense 6,320 Rent expense 105,390 Supplies 9,540 Supplies expense 16,860 Taxes expense 10,000 Utilities expense 63,230 Wages expense 301,110 Required: Prepare an 1. Prepare an income statement for the year ended April 30, 2019. Wilderness Travel Service Income Statement For the Year Ended April 30, 2019 Fees Earned 792,400 Expenses: Wages Expense 301,110 Rent Expense 105,390 Utilities Expense 63,230 Supplies Expense 16,860 Taxes Expense 10,000 Miscellaneous Expense 6,320 Total expenses 502,910 Net income 289,490 2. Prepare a statement of owner's equity for the year ended April 30, 2019. Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2019 Harper Borg, capital, May 1, 2018 Net income for the year Withdrawals Increase in owner's equity Harper Borg, capital, April 30, 2019 00 < 3. Prepare a balance sheet as of April 30, 2019. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2019 Assets Total assets Liabilities Owner's Equity Total liabilities and owner's equity 4. What item appears on both the statement of owner's equity and the balance sheet?