The following information relates to Armanda Co. for the year 2017.

Owners capital, January 1, 2017		$53,851		Advertising expense		$ 2,019
Owners drawings during 2017		6,731		Rent expense		11,668
Service revenue		71,353		Utilities expense		3,478
Salaries and wages expense		33,096

After analyzing the data, prepare an income statement for the year ending December 31, 2017.

After analyzing the data, prepare an owner's equity statement for the year ending December 31, 2017. (List items that increase owner's equity first.) ARMANDA CO. Owner's Equity Statement SHOW LIST OF ACCOUNTS