Prepaeing an income stafement & statement of owner's equity.

Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below! The following is the adjusted trial balance of Sierra Company CA $ 33,000 1,900 6,800 90,000 Med Account TBT Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) L. Sierra, Capital L. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals $ 26,000 9,500 10,000 31,500 8,000 79,500 4,900 9,000 2,900 $ 156,500 $ 156,500 QS 4-16 (Algo) Preparing an income statement & statement of owner's equity LO C1 (1) Prepare an income statement for the year ended December 31 (2) Prepare a statement of owner's equity for the year ended December 31, The L Sierra, Capital account balance was $31,500 on December 31 of the prior year, and there are no owner investments during the current year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year ended December 31 KIERRA COMPANY complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year ended December 31 SIERRA COMPANY Income Statement QS 4-16 (Algo) Preparing an income statement & statement of ow (1) Prepare an income statement for the year ended December 31, (2) Prepare a statement of owner's equity for the year ended December 31. The L. Sie December 31 of the prior year, and there are no owner investments during the curren Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of owner's equity for the year ended December 31. The L. Sierra, a on December 31 of the prior year, and there are no owner investments during the currer SIERRA COMPANY Statement of Owner's Equity L Sierra, Capital, December 31 prior year Add: Investments by owner 0 Sierra, Capital, December 31 current year