LAULA ement Instructions Accounts Amounts Accounts payable Accounts recevable Cash Fees earned $68,000 267,000 183,000 897,600 Land 544.000 Miscellaneous expense 6,200 35,000 5,200 Rent expense Supplies Supplies expense Utilities expense Wages expense 4,200 27,000 500,000 Required: 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, 2045. 3. Prepare a balance sheet as of December 31, 2015. 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, Lab provided for the exact wording of the answer choices for text entries. Check My Work 3 more Check My Work uses remaining. All work saved. Instructions Labels and Amount Descriptions Labels December 31, 2045 Expenses For the Year Ended December 31, 2045 Amount Descriptions Decrease in owner's equity James Brewster, capital James Brewster, capital, December 31, 2045 James Brewster, capital, January 1, 2045 Increase in owner's equity Investment on July 1, 2045 Net income Net loss Total assets Total expenses Total liabilities and owner's equity Withdrawals Check My Work 3 more Check My Work uses remaining All work saved. Labels and Amount Descriptions Income Statement example: Net loss should be negative. Expenses should be positive. A colon () will automatically appear if it is Excalibur Travel Agency Income Statement (Label) 1 2 (Label) 3 4 5 7 1 9 Check My Work 3 more Check My Work uses remaining, All work saved. 00: 000 000 8 Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity 2. Prepare a statement of owner's equity for the year ended December 31, 2015. Be sure to complete the statement heading. Refer to the information given and the list of Awuns. Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. W required, use the minus sign to indicate any decreases in equiry Excalibur Travel Agency Statement of Owner's Equity (Label 1 2 5 Previous Next Check My Work more Check My Work uses remaining All work saved El Instructor Save and Exit Submit Assignment for Grading