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Use the following information to answer Exercises E1-34 through E1-36. The assets, liabilities, and equities of Damon Design Studio have the following balances at December

image text in transcribed Use the following information to answer Exercises E1-34 through E1-36. The assets, liabilities, and equities of Damon Design Studio have the following balances at December 31,2018 . The owner, Eric Damon, began the year with a $39,000 capital balance, contributed $13,000, and withdrew $57,000 during the year. E1-34 Preparing the income statement Prepare the income statement for Damon Design Studio for the year ending December 31, 2018. E1-35 Preparing the statement of owner's equity Prepare the statement of owner's equity for Damon Design Studio for the year ending December 31, 2018. E1-36 Preparing the balance sheet Prepare the balance sheet for Damon Design Studio as of December 31, 2018

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