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2.6. Based on the following information, determine the capital as of December 31, 19X8: Net Income for period, $18,000; Drawing, $6,000; Capital (January 1, 19X8), $20,000.2.L Prepare an income statement based on the fell owing information: .Fees Income, $38,000; Supplies Expense, $16,000; Salaries Expense, $12,000; Miscellaneous Expense, $7,000. SOLUTION Income Statement Fees Income ' Expenses Supplies Expense Salaries Expense ' Miscellaneous Expense Total Expenses- Net Income $33,000 $16,000 12,000 35,000 #3000 2.2. Based on Prob. 2.1, what would the net income or net loss be if, in addition to the listed expenses, there was an additional expense of $5,000 charged to Rent