SOLUTION REQUIRED ASAP.

Assignment 2 Q No.1 The assets, liabilities, owner's equity, revenues, and expenses of Vinegar Import Service at December 31, 20X3, the end of its first year of business, have the following balances. During the year, T. Vinegar, the owner, invested Rs.15,000 in the business. Office furniture Utilities expense Accounts payable T. Vinegar, capital Service revenue Accounts receivable Supplies expense Rs. 45,000 Note payable 6,800 Rent expense 3,300 Cash 27,100 Office supplies 161,200 Salary expense 9,000 Salaries payable 4,000 Property tax expense Rs.30,000 24,000 3,600 4,800 49,000 2,000 1,200 Required Prepare Income Statement of Vinegar Import Service