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

Rapid Car Corporation

Adjusted Trial Balance

For the year ended December 31

Cash	$ 33,000
Accounts receivable	14,200
Office supplies	1,700
Vehicles	100,000
Accumulated depreciation Vehicles		45,000
Accounts payable		11,500
Rapid car, Capital		71,900
Rapid Car, paid Dividend	40,000
Fees earned		155,000
Rent expense	13,000
Office supplies expense	2,000
Utilities expense	2,500
Depreciation Expense Vehicles	15,000
Salary expense	50,000
Fuel expense	12,000	________
Totals	$283,400	$283,400