Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30, 2019, 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, 2019 Adjusted Trial Balance Account Title Dr. Cr. Cash 20,300 Accounts Receivable 69,400 Supplies 4,600 Prepaid Insurance 2,500 Building 434,000 Accumulated Depreciation- Building 42,000 Accounts Payable 11,600 Salaries Payable 3,000 Unearned Rent 1,800 Stacy Tanner, Capital 372,000 Stacy Tanner, Drawing 11,900 Service Fees 708,650 Rent Revenue 11,900 Salaries Expense 523,900 Rent Expense 47,600 Supplies Expense 10.800 Depreciation Expense-Building 7,500 Utilities Expense 7,250 Repairs Expense 2,800 Insurance Expense 2,800 Miscellaneous Expense 5,600 1,150,950 1,150,950 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? *Be sure to read the instructions for each financial statement carefully. Refer to the chart of accounts and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. 1. Prepare a statement of owner's equity for the year ended June 30, 2019. No additional investments were made during the year. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items. Finders Investigative Services Score: 2/54 Statement of Owner's Equity For the Year Ended June 30, 2019 Assets Current assets: Total current assets (Label) Liabilities 14 Current liabilities: Total liabilities Owner's Equity 21 Total liabilities and owner's equity 2. Based upon the end-of-period spreadsheet, journalize the closing entries. If you are unsure of account titles, see the chart of accounts Question not attempted. PAGE 11 JOURNAL Score: 0/159 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Closing Entries 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? Enter a net loss as a negative amount using a minus sign