Following are the accounts and balances from the adjusted trial balance of Stark Company. Prepare the (1) income statement and (2) statement of owners equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $24,800 on December 31 of the prior year.

Interest expense Accounts payablo.... Wages payable Cash Wagos exponse Insurance expense Stark, Capital Services revenue 500 Uilizies expense 1,300 ...1,500 Interest payabko 400 Unearned rovonue 10,000 Supples expense. 7,500 Buildings 40,000 800 Stark, Withdrawals 20,000 Supplies