Problem 8 Use the following information to prepare an income statement for Wings Diner, Inc., for the year ended March 31, 20XX. Use the proper statement heading and a format similar to the used in the chapter for Deb's Steakhouse, Inc. Payroll $ 50,000 Employee Benefits 9,500 Cost of Food Sold 30,000 Cost of Liquor Sold 15,000 Food Sales 100,000 Utilities 5,000 Depreciation 10,000 Income Taxes 300 Property Insurance 6,000 Supplies Expense 3,000 Rent 8,750 Liquor Sales 50,000 Interest 7,000 Advertising 2,250 Property Taxes 2,000 Problem 9 An analysis of a business's financial information shows that the business's debts total $307,000 and that the owner's equity in the business is $182,000. From this information determine the total assets of this company. Problem 10 Curfew Inn is a proprietorship owned by Susan Plies. For the year ended December 34 20x2, the net income of the lodging operation was $38,500. During that year, Susan invested $20,000 and withdrew $27,000. The financial records show that the bookkeeping account called Capital, Susan Plies had a balance of $12,750 on December 31, 20X1. Prepare a statement of owner's equity for the year ended December 31, 20x2