Use the following accounts to prepare an income statement, a statement of owners equity, and a balance sheet Davis & Co. for the year ended December 31, 2020.

Accounts Payable $ 900 / Building $60,000 / Services Revenue $32,000

Accounts Receivable 1,200 / Notes Payable 4,000 / Supplies 200

Cash 4,400 / Insurance Expense 2,700 / Davis, Capital Jan. 1, 2020 53,000

Equipment 8,000 / Wages Expense 6,300 / Davis, Withdrawals 2,200

Advertising Expense 500 / Utilities Expense 4,400