Using the information given below, prepare an income statement and owner's equity statement for Martin Sky Taxi Services from the adjusted trial balance. Helena Martin did not make any additional investments in the company during the year.

Martin Sky Taxi Services Adjusted Trial Balance For the year ended December 31 Cash....... $ 28,000 Accounts receivable 14,200 Office supplies 1.700 Airplanes.... 100,000 Accumulated depreciation - Airplanes..... 45,000 Accounts payable 11,500 Helena Martin, Capital. 71,900 Helena Martin, Withdrawals.. 40,000 Fees carned............. 150,000 Rent expense 13,000 Office supplies expense 2,000 Utilities expense......... 2,500 Depreciation Expense - Airplanes. 15,000 Salary expense .......... 50,000 Fuel expense.......... 12.000 Totals........... $278.400 $278.400