[The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $ 7,000 600 4,200 25,000 $13,000 3,000 3,500 12,000 1,500 14,500 3,600 2,500 1,600 $46,000 $46,000 QS 4.10 Preparing financial statements LO C2 Required (1) Prepare an income statement for the year ended December 31 (2) Prepare a statement of owner's equity for the year ended December 31