Problem 5.3A (Algo) Preparing financial statements from the worksheet. LO 5-4 The completed worksheet for Montoya Corporation as of December 31,20x1, ater the company had completed the first month of operations, appears below. Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the odjustment to Prepaid Advertising had been $6,000 instead of $3,000, what net income would have resulted? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. The owner made no additional investments during the month. Complete this question by entering your answers in the tabs below. Prepare a balance sheet