These financial statement items are for Knight Company at year-end 12/31/2018

Salaries Payable	$4,580.00	Note Payable (long Term)	3,300.00
Salaries Expenses	45,700.00	Cash	22,200.00
Utilities Expenses	19,100.00	Account Receivable	9,780.00
Equipment	22,000.00	Accumulated Depreciation	6,000.00
Acc Payable	4,100.00	Knight Drawing	4,000.00
Commission Revenue	56,100.00	Depreciation Expenses	4,000.00
Rent Revenue	6,500.00	Knight Capital (Beginning)	46,200.00

Instructions:

1. Prepare an Income Statement and an Owners Equity Statement for the year. The owner did not make any new investment during the year.
2. Prepared a classified Balance Sheet at Dec 2018.