Use the following information for the Exercises below. (Algo)

[The following information applies to the questions displayed below.] Stark company has the following adjusted accounts and normal balances at its December 31 year-end.

Notes payable	$ 27,000	Accumulated depreciationBuildings	$ 31,000
Prepaid insurance	4,100	Accounts receivable	7,200
Interest expense	820	Utilities expense	2,900
Accounts payable	9,500	Interest payable	740
Wages payable	2,000	Unearned revenue	1,600
Cash	42,000	Supplies expense	520
Wages expense	9,100	Buildings	200,000
Insurance expense	3,400	Stark, Withdrawals	11,000
Stark, Capital	120,800	Depreciation expenseBuildings	10,000
Services revenue	100,000	Supplies	1,600

Exercise 3-17 (Algo) Preparing Financial Statements LO P5

Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $120,800 on December 31 of the prior year, and there were no owner investments in the current year.