Question 2 Okabe Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below. OKABE COMPANY Adjusted Trial Balance July 31, 2017 No Account Titles Debit Credit $10,600 101 Cash 8,900 112 Accounts Receivable 157 Equipment 15,700 158 Accumulated Depreciation-Equip. $7,900 201 Accounts Payable 4,800 208 Unearned Rent Revenue 2,300 44,100 301 Owner's Capital 306 Owner's Drawings 16,000 63,700 400 Service Revenue 429 Rent Revenue 6,800 711 Depreciation Expense 6,900 726 Salaries and Wages Expense 56,400 732 Utilities Expense 15,100 $129,600 $129,600 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) OKABE COMPANY Income Statement Prepare an owner's equity statement for the year. Okabe did not make any capital investments during the year. OKABE COMPANY Owner's Equity Statement