Please complete the balance sheet.

Instructions X Balance Sheet X The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2019, the end of the year, and its revenue and expenses for the year follow. The capital of lan Eisele, owner, was $680,000 on January 1, 2019, the beginning of the year. During the year, lan withdrew 3. Prepare a balance sheet as of December 31, 2019. Refer to the lists of Accounts, Labels, and Amount Descriptions $43,000. provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading Accounts Amounts Labels and Amount Descriptions Accounts payable $65,500 Nordic Travel Agency December 31, 2019 Accounts receivable 264,000 Balance Sheet Expenses Cash 180,500 (Label) For the Year Ended December 31, 2019 Fees earned 879,200 Assets Amount Descriptions Land 541,000 Decrease in owner's equity Miscellaneous expense lan Eisele, capital, December 31, 2019 Rent expense 32,000 lan Eisele, capital, January 1, 2019 Supplies 5.200 Increase in owner's equity Supplies expense 4,100 Investment on July 1, 2019 Utilities expense 28,000 Net income Wages expense 520,000 Liabilities Net income for the year Net loss Required: 1. Prepare an income statement for the year ended December 31, 2019.* 9 Owner's equity Net loss for the year 10 Total assets 2. Prepare a statement of owner's equity for the year ended December 31, 2019.* Total expenses 3. Prepare a balance sheet as of December 31, 2019.* 11 Total liabilities and owner's equity 4. What item appears on both the statement of owner's equity and the balance sheet? Withdrawals * Refer to the information given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or there is a decrease in owner's equity, enter that amount as a negative number using a minus sign