Problem $2-7$A $($Algo$)$ Preparing an income statement, statement of

owner's equity, and balance sheet. LO P$1$

Angela Lopez owns and manages a consulting firm called Metrix, which began

operations on December $1.$ On December $31,$ Metrix shows the following selected

accounts and amounts for the month of December.

Required:

Prepare a December income statement for the business.

Prepare a December statement of owner's equity. The A$.$ Lopez, Capital account

balance at December $1$ was $$0,$ and the owner invested $$17,600$ cash in the

company on December $2.$

Prepare a December $31$ balance sheet. Hint: Use the A$.$ Lopez, Capital account

balance calculated in part $2.$

Complete this question by entering your answers in the tabs below.

Prepare a December income statement for the business.