The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 20Y5, the end of the year, and its revenue and tor the year follow. The capital of James Brewster, owner, was $650,000 on January 1, 20Y5, the beginning of the year, During the year, James withdrew $36,000. Required: 1. Prepare an income statement for the year ended December 31, 20Y5, * 2. Prepare a statement or owner's equity for the year ended December 31, 20Y5. 3. Prepare a balance sheet as of December 31. 20Y5. 4. What item appears on both the statement of owner's equity and the balance sheet? "Be sure to complete the statement heading. Refer to the information given and the lists of Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries