Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions Selected data from the ledger of Burt Co, ater adjustments, on September 30, he end of the fiscal year, are isted as tollows Accounts Receivable Accumulated Depreciation Administrative Expenses Bob Burt, Capital $39,120 Office Equipment $82,700 4,680 77,750 3,060 950,000 65,000 Selling Expenses102,000 3,125 60,540 Prepaid Insurance 90,000Note Payable 85,000Salaries Payable Cost of Merchandise Sold 550,000 Sales Bob Burt, Drawing Supplies Interest Revenue 10,000 Required: Prepare a single-step income statement and a statement of owners equity Refer to the lis of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for rext entries. Be sure to compiere the statement heading Enter all numbers as posiove Labels and Amount Descriptions Labels Expenses For the Year Ended September 30 Revenues Amount Descriptions Bob Burt, capital, October 1 Bob Burt, capital, September 30 Decrease in owner's equity Increase in owners equity Net income Total revenues Total expenses Withdrawals Income Statement Statement of Owner's Equity Prepare a sing e-step income statementfor urt Co for the year ended September 30. Rele" e sso Accounts in the infor aton gren Labels, and Amount Descrpdons for te exact wording of te answer coces tr text entries. Be sure complete te statement heading. Enter all numbers as positve Burt Co Income Statement Label) 1 Label) s (Label) Prepare a statement of owners equity for Burt Co. for the year ended September 30. Refer to the lists of Labels, and Amount Descriptons for the exact wording of he answer choices for text entries. "Less" or "Plus will automascalty appear if it is required Be sure to complete the statement heading. Enter all numbers as positive Burt Co. Statement of Owner's Equity (Label)