Wilson Marketing Consulting, a proprietorship owned by , was started on January 1,2019 , with an investment of$50000 cash. The company prepares marketing plans for clients. It has been operating for one year. Business was quite slow in the first year of operations but has steadily increased. has made additional investments of $30000 but has not made any withdrawals. The general ledger showed the following balances as of December 31, 2019

Cash. . . . . . . . . . . . . . .

$25,000

Accounts Receivable. .

30,000

Software. . . . . . . . . . . .

21,000

Office Furniture. . . . . .

15,000

Computer Equipment. .

32,000

Accounts Payable. . . .

18,000

L. Wilson, Capital. . . . .

105,000

What is the total net income earned by the business over the period of January 1, 2019, to December 31, 2019?
2.	Analyze the effects of the January 2020 transactions on the accounting equation of Wilson Marketing Consulting. Be sure to include the account balances from December 31, 2019.
3.	Prepare the income statement for Wilson Marketing Consulting for the month ended January 31, 2020.
4.	Prepare the statement of owner's equity for Wilson Marketing Consulting for the month ended January 31, 2020.
5.	Prepare the balance sheet for Wilson Marketing Consulting at January 31, 2020.
6.	Lin Wilson has expressed concern that although the business seems to be profitable and growing, she constantly seems to be investing additional money into it and has been unable to make many withdrawals for the work she has put into it. Prepare a reply to her concerns.

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