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The amounts of the assets and liabilities of Excalibur Travel Apency at December 31, 20Y5, the end of the year, and its trexenue and expenses

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The amounts of the assets and liabilities of Excalibur Travel Apency at December 31, 20Y5, the end of the year, and its trexenue and expenses for the year follow The capital of James Brewster, owner, was $645,000 on January 1,20Y5, the begianing of the year. During the year, Jamea withdrew $37,000. Required: 1. Prepare an inceme statement for the year ended December 3t, 20V5 * 2 Prepare a statement of caners enily for the year ended December 31,20Y5 3. Prepare a balance sheet as of December 31,20Y5 * 4. What item appoars on boen the statement of owner's equity and the balance sheer? "Be sure to complete the statement hesding Refor to the infarmabion given and the ists of Accounts Labeis, and Amount Descriptions

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