From the Following List of Accounts,prepare an Income Statement,statement of Owner's

Essay

From the following list of accounts,prepare an income statement,statement of owner's equity,and balance sheet for the year ended or at December 31,20--,for J.Carr's Delivery Service.
$$\begin{array} { l r } \text { Cash } & \$ 11,450 \\\text { Accounts Payable } & 4,450 \\\text { Fees Earned } & 41,500 \\\text { J. Carr, Capital January 1, 20-- } & 14,500 \\\text { J. Carr, Drawing } & 7,000 \\\text { Office Supplies } & 250 \\\text { Rent Expense } & 10,000 \\\text { Accounts Receivable } & 7,000 \\\text { Equipment } & 6,000 \\\text { Wages Expense } & 14,000 \\\text { Repairs Expense } & 250 \\\text { Furniture } & 4,500\end{array}$$