The adjusted trial balance of Bechard Irrigation System at December 31, 2018, follows: The adjusted trial balance of Bechard Irrigation System at December 31,2018 , follows: Requirement 1. Prepare the company's income statement tor the year ended December 31,20 U: The adjusted trial balance of Bechard Imigation System at December 31, 2018, follows: Net Income (Loss) $50,900 Requirement 2. Prepare the company's statement of owner's equity for the year ended December 31, 2018. Assume that there were no contributions mad Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Exclude any zero-balance events for the period from the Data table Bechard Irrigation System Adjusted Trial Balance December 31,2018 Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Building Accumulated Depreciation-Building Equipment Debit Credit Accumulated Depreciation-Equipment 20,000 7,800 Accounts Payable Interest Payable 42,600 Salaries Payable 1,500 Unearned Revenue 2,800 Notes Payable (long-term) Accumulated Depreciation-Building Equipment 20,000 Accumulated Depreciation-Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Bechard, Capital Bechard, Withdrawals 2,800 Service Revenue 74,200 Insurance Expense 1,000 Salaries Expense 15,800 Supplies Expense 700 Interest Expense 1,500 Depreciation Expense-Equipment 3,000 Depreciation Expense-Building Total $204,000$204,000