Required Information [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company Account Title Cash Prepaid Insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) 1. Sierra, Capital 7. Sierra, Withdrawal Consulting revenue Wages expense Depreciation expenne-Buildings Insurance expense Totals Debit Credit $ 33,000 1,900 6,800 90,000 $ 26,000 9,500 10,000 31,500 8,000 79,500 4,900 9.000 2,900 $156,500 $156,500 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) 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 Required 2 Prepare an income statement for the year ended December 31 SIERRA COMPANY Income Statement Total revenue Total expense 0 0 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 Required 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 and H. Sierra, Capital, December 31 current year end $ 0