The amounts of the assets and liabilities of Happy Dog Daycare as of December 31, 2020, and the revenues and expenses of the company for the year ended on December 31, 2020, appear below. The items are listed in alphabetical order. (Click the icon to view the account totals.) Required Account totals Requirement 1. Prepare the income statement of Happy Dog Daycare for the year ended December 31, 2020 Begin by filling in the header for the income statement. Then choose the accounts, and enter the corresponding amounts. Accounts Payable S $ 220,000 220,000 Accounts Receivable Happy Dog Daycare Income Statement For the Year Ended December 31, 2020 44,000 Land 64,000 Note Payable 210,200 Property Tax Expense 31,000 Repairs Expense 210,000 Salaries Expense Building Cash Equipment Furniture 18,000 44,000 400,000 Revenue: 36,000 Service Revenue 790,000 Total revenues 26,000 Interest Expense Interest Payable Expenses: 15,400 Supplies 4,600 Utilities Expense Y. Tanaka, Withdrawals 25,000 $79.000 The beginning amount of owner's equity was $320,000. During the year, the owner made no investments. Total expenses Print Done Net income Requirement 2. Prepare the statement of owner's equity of the business for the year ended December 31, 2020. Fill in the heading for the statement of owner's equity, and then complete the body of the statement by choosing the correct labels and entering the correct amounts. Choose from any list or enter any number in the input fields and then continue to the next question. The amounts of the assets and liabilities of Happy Dog Daycare as of December 31, 2020, and the revenues and expenses of the company for the year ended on December 31, 2020, appear below. The items are listed in alphabetical order. Click the icon to view the account totals.) Required Requirement 2. Prepare the statement of owner's equity of the business for year ended December 31, 2020 Fill in the heading for the statement of owner's equity, and then complete the body of the statement by choosing the correct labels and entering the correct amounts. Add: Less: Requirement 3. Prepare the balance sheet of the business at December 31, 2020 Fill in the heading for the balance sheet. Then complete the body of the statement starting with the assets and finishing with the liabilities and owner's equity sections. Assets Liabilities Total liabilities Assets Liabilities Total liabilities Owner's Equity Total assets Total liabilities and owner's equity Requirement 4. Was the result of operations for the year a profit or a loss? How much was it? a. Result of operations: b. Did the business's owner's equity increase or decrease during the year? How would this affect the business's ability to borrow money from a bank in the future? Owner's equity during the year. This would make it to borrow money from a bank in the future. c. How much in total economic resources does the company have at December 31, 2020, as it moves into the new year? How much does the company owe? What is the dollar amount of the owner's portion of the business at December 31, 2020? Total economic resources Total amount owed = Owner's Equity