The amounts of the assets and liabilities of Helena Interior Design 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 1. Prepare the income statement of Helena Interior Design for the year ended December 31, 2020. A Account totals Begin by filling in the header for the income statement. Then choose the accounts, and enter the corresponding amounts. $ 58,000 Land $ S 280,000 260,000 Revenue: 24,000 Accounts Payable Accounts Receivable Building Cash Equipment Furniture 48.000 Total revenues 460,000 60,000 Note Payable 107,600 Property Tax Expense 35,000 Repairs Expense 250,000 Salaries Expense 24,000 Service Revenue 18,200 Supplies 4,800 Utilities Expense Y. Saito, Withdrawals Expenses: 790,000 24,000 Interest Expense Interest Payable 27,000 S75,000 The beginning amount of owner's equity was $320,000. During the year, the owner made no investments. Total expenses Print Net Income Done 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, The amounts of the assets and liabilities of Helena Interior Design 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 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. 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 The amounts of the assets and liabilities of Helena Interior Design 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 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 borrow money from a bank in the future? Owner's equity during the your. 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, 20207 Total economic resources Total amount owed Owner's Equity