Irvin Dempski owns and operates Adventure Travel Agency. The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable $52,000 Miscellaneous expense $22,100 Accounts receivable 310,400 Rent expense 75,000 Cash 198,600 Supplies 6,000 Fees earned 1,400,000 Supplies expense 15,300 Irvin Dempski, capital 1,485,000 Utilities expense 40,000 Land 1,350,000 Wages expense 870,000 Irvin Dempski, Capital was $1,410,400 as of January 1, 20Y5. During the year, Irvin Dempski made an additional investment in the business of $75,000 and withdrew $50,000 for personal use. Required: 1. Prepare an income statement for the year ended December 31, 20Y5. 2. Prepare a statement of owner's equi