Instructions The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2019, the end of the year, and its revenue and expenses for the year follow. The capital of lan Eisele, owner, was $670,000 on January 1, 2019, the beginning of the year. During the year, lan withdrew $42,000. Amounts Accounts Accounts payable $ 69,500 Accounts receivable 285,000 Cash 190,500 Fees earned 912,500 Land 544,000 Miscellaneous expense 6,400 Rent expense 36,000 Supplies 5,500 Supplies expense 4,100 Utilities expense 28,500 Wages expense 510,000 Labels and Amount Descriptions Labels December 31, 2019 Expenses For the Year Ended December 31, 2019 Amount Descriptions Decrease in owner's equity lan Eisele, capital, December 31, 2019 lan Eisele, capital, January 1, 2019 Increase in owner's equity Investment on July 1, 2019 Net income Net income for the year Net loss Net loss for the year Total assets Total expenses Total liabilities and owner's equity Income Statement Nordic Travel Agency Income Statement December 31, 2019 Revenue $915,000.00 Expenses: Rent expense $36,000.00 4,100.00 Supplies expense Utilities expense 28,500.00 Wages expense 510,000.00 Miscellaneous expense 64,000.00 Total expenses 585,000.00 $327,500.00 9 Net income Statement of Owner's Equity 2. Prepare a statement of owner's equity for the year ended December 31, 2019. 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. Be sure to complete the statement heading. If a net loss is incurred or there is a decrease in owner's equity, enter that amount as a negative number using a minus sign. Nordic Travel Agency Statement of Owner's Equity December 31, 2019 Nordic Travel Agency Balance Sheet (Label) Assets Liabilities Owner's equity