1. Compute the owner's equity for Norman Gonzales on Dec. 31, 20X1 based on the following data: Norman Gonzales, Capital January 1, 20X1 Norman Gonzales, Cash Drawings for 20X1 Norman Gonzales, Additional Investment 20X1 450,000 120,000 80,000 Net Income 20X1 90,000 2. IMERLDA SERVICES ADJUSTED TRIAL BALANCE May 31, 2016 Accounts Debit Credit Cash 8,000 16,500 Accounts Receivable Allowance for uncollectible accounts 2,000 Office Supplies Prepaid Insurance Furniture 600 300 10,000 Accumulated Depreciation-Furniture Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable Interest Payable Salaries Payable Imelda, Capital Imelda, Drawing 3,000 25,000 3,500 5,000 9,000 200 1,500 29,600 500 Service Income 32,000 Supplies Expense Rent Expense Salaries 4,000 5,000 9,500 Insurance Expense Depreciation Expense-furniture Depreciation Expense-equipment 600 2,000 2,000 1,500 Bad Debts Interest Expense 300 ТОTAL P 85,800 85,800 Required: Prepare a statement of equity for Imelda Services.

Please help me

David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31, 2020:    Cash   Equipment   Accum.Deprec.Equipment   AccountsPayable   NotesPayable   DavidWallace,Capital   OlenaDunn,Capital   DannyLin,Capital   Account balances December 31, 2020 $ 25,600     $ 170,000     $ 95,000     $ 7,600     $ 18,000     $ 37,000     $ 20,000     $ 18,000       Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $62,000 on January 1, 2021. The partners share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively.Required:1. Complete the schedule. (Negative answers should be indicated by a minus sign.) 2. Prepare the liquidation entries (sale of equipment, allocation of gain/loss, payment of creditors, final distribution of cash).