Income Statement: Revenue: Revenue Expenses: Salary Expense Rent Expense Utilities Expense Depreciation Expense Total Expenses:

Net Income: 3,400 3,500 5,500 2,500 14,900 2,600 17,500

Statement of Owners Equity: ISDO, Capital Add: Net Income Less: Owner Withdrawals ISDO, Capital 4,500 2,600 2,500 4,600

Balance Sheet: Assets Cash Accounts Recievable Office Supplies Prepaid Insurance Total Assets: 2,500 3,500 1,800 2,300 10,100 Liabilities Accounts Payable Notes Payable Taxes Payable Total Liabilities: Owners Equity ISDO, Capital Total Owners Equity Total Liabilities and Owner's Equity 4,600 4,600 10,100 2,500 1,500 1,500 5,500