The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 2045, the end of the year, and its revenue and expenses for the year follow. The capital of James Brewster, owner, was $580,000 on January 1, 2045, the beginning of the year. During the year, James withdrew $45,000 Instructions Accounts Amounts Accounts payable $71,000 Accounts receivable 268,000 Cash 191,500 Fees earned 881,000 Land 546,000 Miscellaneous expense 6,700 Rent expense 33,000 5,700 Supplies Supplies expense 4,100 Utilities expense 27,000 Wages expense 505,000 Labels and Amount Descriptions Labels December 31, 2045 Expenses For the Year Ended December 31, 20Y5 Amount Descriptions Decrease in owner's equity James Brewster, capital James Brewster, capital, December 31, 2045 James Brewster, capital, January 1, 2045 Increase in owner's equity Investment on July 1, 2045 (X Labels and Amount Descriptions James Die Wster, capital James Brewster, capital, December 31, 2015 James Brewster, capital, January 1, 2045 Increase in owner's equity Investment on July 1, 2045 Net income Net loss et Total assets th Total expenses Total liabilities and owner's equity Withdrawals 1. Prepare an income statemer for the year ended December 31, 2045, Be sure to complete the statement heading Rotor to the lists of Accounts. Lates, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation mat results in a negative amount. For example: Met loss should be negative Expenses should be positive. Acolon) will automatically appear it is required Excalibur Travel Agency Income Statement (Lab 1 Labell Excalibur Travel Agency Income Statement (Label) 1 2 (Label) 3 4 5 6 7 Income Statement 1 2 (Label) 3 5 7 2. Prepare a statement of owner's guity for the year ended December 31, 2015. Be sure to complete the statement heading Refer to the information giver and the fats of Accounts Labels, and Amount Descriptions provided for the exact wording of the answer choices for test entries. If requred, use the minus sono indicate any decreases in equity Excalibur Travel Agency Statement of Owner's Equity Label Excalibur Travel Agency Statement of Owner's Equity (Label) 1 2 3 4 5