Problem 7 (worth 10 Points) 7.) The following work sheet is for Tuttle Photography, a proprietorship. Tuttle Photography Work Sheet For the Year Ended December 31, 2011 Accounts Debit Credit Cash 15,000 Accounts receivable 30,000 Prepaid insurance 7,500 Office supplies 3,200 Land 40,000 Building 160,000 Accumulated depreciation 12,000 Equipment 75,000 Accumulated depreciation 8,500 Accounts payable 12,000 Salaries payable 12,000 Unearned service revenue 25,000 Mortgage payable 100,000 Capital 11,290 Withdrawals 23,000 Service revenue 289,000 Salaries expense 61,000 Depreciation expense 6,150 Supplies expense 14,040 Insurance expense 14,000 Utilities expense 20.900 469,790 469.790 Using the information from the worksheet above, prepare a) an Income Statement b) a Statement of Owner's Equity c) a Balance Sheet Note: Prepare all three (3) statements in good form