for clarity. sorry for the quality

sorry again for the pixelated photo. here is the question typed

Instructions:

Labels and Amount Descriptions Income Statement Statement of Owner's Equity Balance Sheet Final Question Instructions The amounts of the assets and liabilities of Excalibur Travel Agency December 31, 20Y5, the end of the year, and its revenue and expenses for the year follow. The capital of James Brewster, owner, was $680,000 on January 1, 20Y5, the beginning of the year. During the year, James withdrew $45,000.

Accounts Amounts

Accounts payable S71,000

Accounts receivable 268.000

Cash 191,500

Fees earned 881,000

Land 546,000

Miscellaneous expense 6,700

Rent expense 33,000

Supplies 5,700

Supplies expense 4.100

Utilities expense 27,000

Wages expense 505,000

1. Prepare an income statement for the year ended December 31, 20Y5.*
2. Prepare a statement of owner's equity for the year ended December 31, 20Y5.*
3. Prepare a balance sheet as of December 31, 20Y5.*
4. What item appears on both the statement of owner's equity and the balance sheet? *Be sure to complete the statement heading. Refer to the information given and the lists of Accounts Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries.

As ww Amount 00 C 016 Land 546.000 6700 31000 100 Were S.000 Peder 2018 2. Con 208 What? ter her As ww Amount 00 C 016 Land 546.000 6700 31000 100 Were S.000 Peder 2018 2. Con 208 What? ter her