Accounting

a) Prepare an income statement for the year ending 12/31/2014. 
b) Prepare a balance sheet as of 12/31/2014. 


Account Debit Credit
Cash $6,700 
Accounts Receivable 600
Supplies 1,000
Prepaid rent 900
Equipment 15,000
Accumulated depreciation 850
Notes Payable 5,000
Accounts Payable 1,510
Unearned rent revenue 500
Salaries & wages payable 400
Interest payable 50
Owner's capital 14,000
Owner's drawing 600
Service revenue 14,200
Salaries & wages expense 9,400
Supplies expenses 200
Rent expense 1,500
Utilities expense 510
Interest expense 50
Depreciation expense 850
Rent revenue 800
$37,310 $37,310