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Studio Photography works weddings and prom-style parties. The balance of Ansel, capital was $16,000 at December 31, 2013. At December 31, 2014, the business's accounting

Studio Photography works weddings and prom-style parties. The balance of Ansel, capital was $16,000 at December 31, 2013. At December 31, 2014, the business's accounting records show these balances.

Prepare the following financial statements for the year ended December 31, 2014:

A. Income statement

B. Statement of owners equity

C. Balance sheet image text in transcribed

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