OBS mber 31, 2019 The capital of las PR 1-2A Financial statements The amounts of the assets and liabilities of Nordic Travel Agency at December 31 the end of the year, and its revenue and expenses for the year follow. The capital Eisele, owner, was $670,000 on January 1, 2019, the beginning of the year. During year, lan withdrew $42,000. Accounts payable Accounts receivable Cash Fees earned Land Miscellaneous expense $ 69,500 285.000 190,500 912.500 544,000 6,400 Rent expense Supplies Supplies expense Utilities expense Wages expense $36.000 5.500 4,100 23.500 510,000 Instructions 1. Prepare an income statement for the year ended December 31, 2019. 2. Prepare a statement of owner's equity for the year ended December 31, 2019 3. Prepare a balance sheet as of December 31, 2019. 4. What item appears on both the statement of owner's equity and the balance sheet