Required:

Prepare an income statement for the year ended April $30,20Y5.$

Wilderness Travel Service

Income Statement

For the Year Ended April $30,20$ Y$5$

Expenses:

Total expenses

Prepare a statement of owner's equity for the year ended April $30,20$ Y$5.$

Wilderness Travel Service

Statement of Owner's Equity

For the Year Ended April $30,20Y5$

Prepare a balance sheet as of April $30,20$Y$5.$ When entering assets, enter them in order of liquidity.

Wilderness Travel Service

Balance Sheet

April $30,20Y5$

Liabilities

Owner's Equity