-X i Data Table $ $ 36,000 12,000 1,300 Land Notes Payable Property Tax Expense Hicks, Withdrawals Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Hicks, Capital, Dec. 31, 2017 8,000 Owner contribution, 2018 37,000 Accounts Payable 3,400 Accounts Receivable 33,000 Advertising Expense 9,000 Building 70,000 Cash 1,500 Equipment 220,000 Insurance Expense 6,000 Interest Expense 48,000 10,000 183,800 2,600 18,000 2,400 7,000 Print Done Requirement 1. Prepare Dog Gone It Daycare's income statement. Dog Gone It Daycare Income Statement Year Ended December 31, 2018 Revenues: Service Revenue $ 220,000 $ 9,000 Expenses: Rent Expense Salaries Expense Advertising Expense Insurance Expense Interest Expense 70,000 10,000 2,400 7,000 3,400 Property Tax Expense Total Expenses 101,800 $ 118,200 Net Income Choose from any list or enter any number in the input fields and then click Check Answer. Requirement 2. Prepare the statement of owner's equity. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Dog Gone It Daycare Statement of Owner's Equity December 31, 2018 Hicks, Capital, January 1, 2018 Net income for the year 48000 118200 Hicks, Capital, December 31, 2018 Choose from any list or enter any number in the input fields and then click Check