Required information The following information applies to the questions displayed below) The following is the adjusted trial balance of Sierra Company Account Title Prepaid insurance No receivable (dow in 5 years Debet 311.000 800 4,000 35,000 09 315.000 4,000 4.500 15,000 Accumulated depreciation - Building Accounts payable Totes payable (due in 3 years 2. Sir. Old Sierra, Vithdrawals Consulting revence Vagas expense Dusteolation expense Building Inruice expence 2,500 24,500 3.800 3.500 1. 30 363,000 363,000 Required (1) Prepare an income statement for the year ended December 31 (2) Prepare a statement of owner's equity for the year ended December 31 Complete this question by entering your answers in the tabs below. Required 1 Reed 2 Prepare an income statement for the year ended December 31 Required information (2) Prepare a statement or owners equity for the year endea vecember 31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year ended December 31. 149 SIERRA COMPANY Income Statement Total revenue Total experte Required 2 > Required information (2) Prepare a statement of owner's equity for the year ended December 31 Complete this question by entering your answers in the tabs below. 2 Required 1 Required 2 1:32 Prepare a statement of owner's equity for the year ended December 31. Owner made no investments during the current period. SIERRA COMPANY Statement of Owner's Equity H Sierra, Capital, December 31 prior year end H Serra Capital, December 31 current year end