a) Prepare an income statement for the year ending 12/31/2014.b) Prepare a balan

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 $6700Accounts Receivable 600 Supplies 1000 Prepaid rent 900 Equipment 15000 Accumulated depreciation 850 Notes Payable 5000 Accounts Payable 1510 Unearned rent revenue 500 Salaries & wages payable 400 Interest payable 50 Owners capital 14000 Owners drawing 600 Service revenue 14200 Salaries & wages expense 9400 Supplies expenses 200 Rent expense 1500 Utilities expense 510 Interest expense 50 Depreciation expense 850 Rent revenue 800 $37310 $37310