Part 2 - Financial Statements The amounts of the assets and liabilities of Wolverine Travel Agency at December 31, 2020, the end of the year, and its revenue and expenses follow. The capital of Megan Johnson, the owner, was $670,000 on January 1, 2020, the beginning of the year. During the year, Megan withdrew $42,000. Accounts payable Accounts receivable Cash Service revenue Land Miscellaneous expense $ 69,500 285,000 190,500 912,500 544,000 6,400 Rent expense Supplies Supplies expense Utilities expense Wages expense $ 35,000 5,500 4,100 28,500 510,000 Instructions Below, and on the following page: 1. Prepare an income statement for the year ended December 31, 2020. 2. Prepare a statement of owner's equity for the year ended December 31, 2020. 3. Prepare a balance sheet as of December 31, 2020 Note - statements should be prepared in the order listed. Be careful to use proper formatting, including a full statement header Part 1 - Journal Entries 1. Contributed to pronto account to an to be for the busine 2. Probefore and repair. 2.400 2. Provided services for a comer who will make some time or 512.00 4. Purchadument sober and in the business for $12.000,00 cash and pinga Puchandanad to the business in localitate de course 7. Received candies for work perfomedoner 1.512.200 # Sentimento per for a which was per 5,5370 Received payment from somer for service will be perfomed in December 584 3.Padaryolan, 4,40 On the below and on the countries formation through In the following area Accounts Revit Solis regiono tovenert Accounts les planned Service event that Drawing Series Bay Rento per i Advertising pee the the sumber of the transaction as the day of the month. 0102, etc Be sure to review proper mal y formal Explanations are vine Date Tandplanten Credit Name: Bote Date Title and planation De -- View as Text Downlo