NET INCOME:

The completed worksheet for Montoya Corporation as of December 31, 20X1, after the company had completed the first month of operations, appears below. Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. The owner made no additional investments during the month. Total Liabilities and Owner's Equity