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yes, Ourng the reer lin werdye spes boc. begin{tabular}{lr} Accounts & Amounts hline Accounts payable & $68,000 Accounts receivable & 267,000 Cash

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yes, Ourng the reer lin werdye spes boc. \begin{tabular}{lr} Accounts & Amounts \\ \hline Accounts payable & $68,000 \\ Accounts receivable & 267,000 \\ Cash & 183,000 \\ Fees earned & 897,600 \\ Land & 544,000 \\ Miscellaneous expense & 6,200 \\ Rent expense & 35,000 \\ Supplies & 5,200 \\ Supplies expense & 4,200 \\ Utilities expense & 27,000 \\ Wages expense & 508,000 \end{tabular} Required: 1. Prepare an income statement for the year ended December 31,2019." 2. Prepare a statement of owner's equity for the year ended December 31, 2019. 3. Prepare a batance sheef as of December 31, 2019." 4. What item appears on both the statement of owner's equity and the balance sheet? - Refer to the intormation given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. It a net loss is incurred or there is a decrease in owner's equity, enter that amount as a negative number using a minus sign. Labels and Amount Descriptions Labels December 31, 2019 Expenses For the Year Ended December 31, 2019 Amount Descriptions Decrease in owner's equity Ian Eisele, capital, December 31, 2019 Ian Eisele, capital, January 1, 2019 Increase in owner's equity Investment on July 1, 2019 Net income Labels and Amount Descriptions lail Lsle, vapilal, valluary

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