Atlantic Cruise Co. is owned by Irina Temelkova. The following information is an alphabeticallisting of fi nancial statement items for the company for the year ended May 31, 2021:

InstructionsPrepare an income statement and a statement of owner?s equity for the year.

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Accounts payable Accounts receivable Advertising expense Building $ 47,750 42,950 3,640 122,570 20,080 553,300 311,182 33,950 2,566 Interest expense Investments by owner Maintenance expense Notes payable Other expenses Prepaid insurance Revenue Salaries expense Supplies $ 20,960 5,847 82,870 379,000 66,500 1,283 350,640 Cash Equipment I. Temelkova, capital, June 1, 2020 I. Temelkova, drawings 126,950 Insurance expense