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NP Enterprises operates several miniature golf courses, all of which are located on within city parks. Shown below is the company's adjusted trial balance at

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NP Enterprises operates several miniature golf courses, all of which are located on within city parks. Shown below is the company's adjusted trial balance at December 31, 2001. The company closes its accounts at the end of each calendar year. NP ENTERPRISES Adjusted Trial Balance December 31, 2001 $ 41,100 7,800 180.000 S 36.000 Cash Accounts Receivable Buildings Accumulated Depreciation: Buildings Golf Course Structures Accumulated Depreciation: Golf Course Structures Accounts Payable Salaries Payable Nick Palmer. Capital (December 31, 2000) Nick Palmer. Drawing Admissions Revenue Advertising Expense Rent Expense Repairs Expense Salaries Expense Light & Power Expense Depreciation Expense: Buildings Depreciation Expense: Golf Course Structures Insurance Expense 270.000 90.000 23.100 6.900 331.560 75.000 576.000 45.000 108.000 15,600 237.000 13.500 18.000 45.000 7.560 $1.063.560 51.063.560 Hastructions . Prepare an income statement and a statement of owner's equity for the year ended December 31. 2001

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