Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June $30,20$Y$3,$ the end of the fiscal year, the accountant for Finders Investigative Services prepared an end$-$of$-$period spreadsheet, a part of which follows:

Finders Investigative Services

End$-$of$-$Period Spreadsheet

For the Year Ended June $30,20$Y$3$

~ Adjusted Trial Balance

Account Title ~ Dr$.$ Cr$.$

~

Cash ~ $24,600$

Accounts Receivable ~ $71,400$

Supplies ~ $4,700$

Prepaid Insurance ~ $2,500$

Building ~ $432,500$

Accumulated Depreciation$-$Building ~ $42,700$

Accounts Payable ~ $11,700$

Salaries Payable ~ $2,500$

Unearned Rent ~ $1,800$

Stacy Tanner, Capital ~ $373,400$

Stacy Tanner, Drawing ~ $12,000$

Service Fees ~ $713,600$

Rent Revenue ~ $12,000$

Salaries Expense ~ $526,000$

Rent Expense ~ $48,000$

Supplies Expense ~ $11,000$

Depreciation Expense$-$Building ~ $7,100$

Utilities Expense ~ $7,300$

Repairs Expense ~ $2,800$

Insurance Expense ~ $2,000$

Miscellaneous Expense ~ $5,800$

~ $1,157,7001,157,700$

Required:

$1.$ Prepare an income statement, a statement of owner$$s equity $($no additional investments were made during the year$),$ and a balance sheet.$*$

$2.$ Journalize the entries that were required to close the accounts at June $30.*$

$3.$ If Stacy Tanner, Capital has instead decreased $$30,000$ after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss?

$1.$ Prepare a statement of owner$$s equity for the year ended June $30,20$Y$3.$ No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. $1.$ Prepare a balance sheet as of June $30,20$Y$3.$ Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons $($:$)$ or the word "Less" on the balance sheet; they will automatically insert where necessary. Enter all values as positive amounts.