Preparing financial statements and evaluating business

Accent photography works weddings and prom-type-parties.. the balance of capital was 20,000 at 31 December 2010, 2011 accounting records shows the business balances as

Insurance expense 3000

Cash 31000

Accounts payable 6000

Advertising expense 1000

Service revenue 81000

Owner withdrawals 15000

Accents receivable 10000

Note payable 12000

Owner equity ?

Equipment 60,000

Owner investment 33,000

Prepare

Income statement

Statement of owner equity

Balance sheet