Prepare the company's statement of owners equity for the year ended June 30, 2018. Assume that there were no contributions made by the owner during that year.

1 of 2 complete P4-29A (similar to) The adjusted trial balance of Elmo Real Estate Appraisal at June 30, 2018, follows: (Click the icon to view the adjusted trial balance) Read the requirements Requirement 1. Prepare the company's income statement for the year ended June 30, 2018. (a box is not used in the statement are the box empty domowe Elmo Real Estate Appraisal Income Statement Year Ended June 30, 2018 Revenues: Service Revenue $ 47,000 Expenses: Insurance Expense $ 4.700 Salaries Expense 32 000 Supplies Expense 400 Interest Expense 8.700 Utilities Expense 2.300 8,000 Depreciation Expense-Building Total Expenses 56.100 $ Net Income (LDS) (9.100) Requirement 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner the Elmo Real Estate Appraisal Statement of Owner's Equity Year Ended June 30, 2018 Elmo, Capital, July 1, 2017 Elmo, Capital, June 30, 2018 = wuestion Help Data Table or parentheses to Elmo Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Debit Credit 4,500 4,900 2,600 1,800 13,100 80.000 25,300 18.400 8,700 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated Depreciation--Building Accounts Payable Interest Payable Salaries Payable Uneamed Revenue Notes Payable (long-term) Elmo, Capital Elmo, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Uutis Expense Depreciation Expense--Building Total 2.100 4,800 45,000 38,500 26,800 arentheses to show quity 47.000 4.700 32,000 400 8.700 2,300 8.000 189.000 5 189.000 Print Done Final Check used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign or parer i Requirements 1. Prepare the company's income statement for the year ended June 30, 2018. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2018. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2018 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2018. Assume the Entheses to sho Print Done