The adjusted trial balance for Shimura Company on December 31, 2010, contains the following accounts and balance: J. Shimura, Capital, $4,300; J. Shimura, Withdrawals, $175; Service Revenue, $1,300; Rent Expense, $200; Wages Expense, $450; Utilities Expense, $100; and Telephone Expense, $25. Prepare an income statement and statement of owner’s equity in proper form for the month of December.