A sole proprietorship was started on January 1, 2011, when it received \(\$ 20,000\) cash from Dan Jones, the owner. During 2011, the company earned \(\$ 14,500\) in cash revenues and paid \(\$ 9,300\) in cash expenses. Jones withdrew \(\$ 500\) cash from the business during 2011.

Required
Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Jones's 2011 fiscal year.