The account balances of Awesome Travel Services at December 31 are listed below. There were no additional investments or dividends by Awesome Travel Services during the year. Accounts Amount Accounts Amount Accounts payable $12,000 Retained earnings (Jan. 1) $6,000 Accounts receivable 14,000 Supplies 1,000 Cash 18,000 Income taxes expense 1,300 Common stock 4,000 Utilities expense 8,000 Computer equipment 21,000 Wages expense 25,000 Fees earned 78,000 Supplies expense 1,700 Rent expense 10,000 Required: Prepare an income statement, a statement of stockholder's equity, and a balance sheet as of December 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the financial statements. Be sure to complete the statement heading. Income Statement Prepare an income statement for the year ended December 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on Income statements. Be sure to complete the statement heading. 1 Fees earned 2 Operating expenses: Awesome Travel Services Income Statement For the Year Ended December 31 Score: 69/75 $78,000.00 3 Utilities expense $8,000.00 4 Rent expense 10,000.00 5 Wages expense 25,000.00 6 tax expense 1,300.00 7 Supplies expense 1,700.00 8 Total operating expenses 46,000.00 $32,000.00 9 Net income Income Statement Statement of Stockholder's Equity Prepare a stockholder's equity statement for the year ended December 31. Refer to the lists of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Entries of 0 (zero) are not required and will be cleared if entered. 1 2 Balances, January 1 3 Net income 4 Balance, December 31 Awesome Travel Services Statement of Stockholders' Equity For the Year Ended December 31 Score: 36/50 Retained Common Stock Total Earnings $0.00 $6,000.00 $6,000.00 32,000.00 32,000.00 $0.00 $38,000.00 $38,000.00 Points: 8.64 / 12 X