Oliver Nicholas, the owner of Nicholas Marketing Services, prepared the following trial balance at December 31, 2021.

NICHOLAS MARKETING SERVICES

Trial Balance

December 31, 2021

Debit Credit

Cash $6,500

Accounts receivable 21,280

Supplies 3,720

Prepaid insurance 4,650

Prepaid rent 3,165

Equipment 27,500

Unearned revenue $3,400

Notes payable 15,600

O. Nicholas, capital

34,660

O. Nicholas, drawings

3,600

Service revenue 39,200

Interest expense 150

Rent expense 6,700

Salaries expense 13,455

Telephone expense 2,140

$92,860 $92,860

Prepare an income statement for the year ended December 31. NICHOLAS MARKETING SERVICES Income Statement For the Year Ended December 31, 2021 Prepare a statement of owner's equity for the year ended December 31. (List items that increase owner's equity first.) NICHOLAS MARKETING SERVICES Statement of Owner's equity LINK TO TEXT