The following account balances were provided by Kate's Consulting Company as December 31, 2022

1. Prepare an Income Statement

2. Prepare a Statement of Owner's Equity

3. Prepare a Balance Sheet

4. Answer the following questions:

a. what are the total assets of the company?

b. how much does the company owe?

c. what is the company's bank account balance as of December 31, 2022?

The following account balances were provided by Kate's Consulting Company as of December 31, 2022. Salary Expense 70,500 Accounts Receivable 90,000 Accumulated Depreciation-Equipment 14,800 Supplies 3,600 Equipment 74,000 Foos Earned 175,200 Miscellaneous Expense 7,400 Salarios Payable 1,500 Kate, Capital 90,400 Cash 38,000 Kato, Drawing 12,000 Supplies Expense 6,000 Depreciation Expense 4,800 Accounts Payablo 4,400 1. Prepare and Income Statement 2. Prepare a Statement of Owner's Equity 3. Prepare a Balanco Sheet 4. Answer the following questions: a. What are the total assets of the company? b. What is the "Net Worth" of the company? C. How much does the company owe? d. What is the company's bank account balance as of December 31, 2022