prepare balance sheet 2018 and balance sheet 2019?

P2-2C. The accounting records of Jordan's Delivery Service show the following assets Prepare a and liabilities as of the end of 2018 and 2019. Prepare an income statement 0 120 min] and a statement of owner's equity for the year ended December 31, 2018, and a December 31, 2019, balance sheet. Account Name 2019 2018 Cash 5 20,000 5 28,010 Accounts Receivable 60,000 50,DDD Check Fire Office Supplies 25,000 20,000 2019 Total Computer Equipment 120,000 120,000 Delivery Equipment 61,000 61,000 Land 650,000 Accounts Payable 30,000 104000 Loan Payable 520,000 The owner bought land for his equipment for $650,000. The business paid $130,000 cash and has a bank loan for the balance. Mr. Jordan Good had to invest an additional $50,000 to help pay the $130,000. The company earned a net income during 2019, which allowed Mr. Good to withdraw $24,000 for the year from the business for personal use. Prepare balance sheets for the business as of December 31, 2018 and 2019. How much net income was earned in 2019P Show your calculations. (Hint: Assets increased from $279,000 to 5936,000 from 2018 to 2019.)