$($

Required information

$[$The following information applies to the questions displayed below.$]$

Stark company has the following adjusted accounts and normal balances at its December $31$ year$-$end.

Use the adjusted accounts for Stark Company to prepare the $(1)$ income statement and $(2)$ statement of owner's equity for the year ended December $31$ and $(3)$ balance sheet at December $31.$ The Stark, Capital account balance was $$48,800$ on December $31$ of the prior year, and there were no owner investments in the current year.