Vaughn College of Aeronautics Principles of Accounting-FINALS 12 Ilt /2018 1%hrs Pi 1. From the following data for the year ended December 31 for Roland Soy Co prepare (a) Income Statement (b) Statement of Owners Equity and (c) Balance Sheet Account Cash Debit Credit 31,500 Accounts Receivable 75,200 Supplies Equipment Accumulated Depreciation Accounts Payable R. Soy, Capital R. Soy, Withdrawals 30,000 Fees Earned Salary Expense Rent Expense Depreciation Expense 26,000 Supplies Expense Miscellaneous Expense 9.000 Total 5,000 199,900 69,000 42,500 152,600 20 417,500 249,500 48,000 7,500 681600 681600 A summary of selected ledger accounts appear below for A.Peters for the curr calendar year. ent 2. A. Peters, Withdrawals 3/31 3,000 12/31 12,000 10/31 6,000 12/22 3,000 A. Peters, Capital 12/31 12,000 1/I 15,000 12/31 30,000 Income Summary 12/31 19,000 12/31 49,000 12/31 30,000 Answer the following questions. 1. What was the total amount of withdrawals? 2. What was the net income? 3. What was the total revenue? 4. What were the total expenses