The accounting equation elements and their balances of Awesome Travel Services at December 31 are listed below.There were no additional investments or withdrawals by J.Trendsetter during the year. 
Prepare an income statement,statement of owner's equity,and a balance sheet as of December 31.
Definitions:
Workplace
An location where people engage in physical or intellectual tasks in order to earn a living; it can vary greatly in form, from office buildings to remote settings.
Scientific Management
A management theory that applies scientific methods to analyze and optimize workflows and efficiency in the workplace.
Frederick W. Taylor
An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management.
Workplace
The physical or virtual location where people perform their job duties.
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