The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 20Y5, the end of the year, and its revenue and expenses for the year follow The capital of James Brewster, owner, was $680,000 on January 1, 2015, the beginning of the year. During the year, James withdrew $38,000 Accounts Amounts Accounts payable $72,000 Accounts receivable 265,000 Cash 188,000 Fees eamed 863,000 Land 547,000 Miscellaneous expens 6,000 Rent expense 33,000 Supplies 5,300 Supplies expense 4,200 Uslibes expense 27,500 Wages expense 501,000 Required: 1. Prepare an income statement for the year ended December 31, 20YS.* 2. Prepare a statement of owner's equity for the year ended December 31, 2015" 3. Prepare a balance sheet as of December 31, 20YS.* 4. What item appears on both the statement of owner's equity and the balance sheer? "Be sure to complete the statement heading. Refer to the information given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries