q1

0.5/1 II! Question 1 of 6 Arter analyzing the data, prepare an income statement for the year ending vecember 31, ZUZU, SHERIDAN CO. Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue 88290 Expenses Salaries and Wages Expense 40952 i Advertising Expense 2499 i Rent Expense 14437 i Utilities Experte 4303 Total Expenses 62191 Net Income/(Loss) 26099 eTextbook and Media List of Accounts Attempts: 1 of 3 used (a2) After analyzing the data, prepare an owner's equity statement for the year ending December 31, 2020. (List items that increase owner's equity first.) SHERIDAN CO. Owner's Equity Statement $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Question 1 of 6 View Policies Current Attempt in Progress The following information relates to Sheridan Co. for the year 2020. Owner's capital, January 1, 2020 $66,634 Owner's drawings during 2020 8,329 Service revenue 88,290 Salaries and wages expense 40,952 Advertising expense Rent expense Utilities expense $ 2,499 14.437 4,303