Required information

Use the following information for the Exercises below.

$[$The following information applies to the questions displayed below.$]$

Stark company has the following adjusted accounts and normal balances at its December $31$ year$-$end.

Notes payable $ $26,000$ Accumulated depreciationBuildings $ $30,000$

Prepaid insurance $4,000$ Accounts receivable $7,000$

Interest expense $800$ Utilities expense $2,800$

Accounts payable $9,000$ Interest payable $700$

Wages payable $1,900$ Unearned revenue $1,550$

Cash $40,000$ Supplies expense $500$

Wages expense $9,000$ Buildings $190,000$

Insurance expense $3,300$ Stark, Withdrawals $10,500$

Stark, Capital $114,800$ Depreciation expenseBuildings $9,500$

Services revenue $95,000$ Supplies $1,550$

 Preparing Financial Statements 

Use the adjusted accounts for Stark Company to prepare the $(1)$ income statement and $(2)$ statement of owner's equity for the year ended December $31$ and $(3)$ balance sheet at December $31.$ The Stark, Capital account balance was $$114,800$ on December $31$ of the prior year, and there were no owner investments in the current year.