Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company’s records show the following selected accounts and amounts for the month of July.

Required1. Prepare a July income statement for the business.2. Prepare a July statement of owner’s equity. The V. Rivera, Capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2.3. Prepare a July 31 balance sheet. Hint: Use the V. Rivera, Capital account balance calculated in part 2.

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Cash..... Accounts receivable.. Notes receivable Office supplies Prepaid insurance Equipment..... $24,000 10,500 7,500 4,500 3,000 12,000 Accounts payable....... Notes payable.... Unearned revenue. V. Rivera, Capital V. Rivera, Withdrawals.. Consulting revenue ... $ 3,900 7,200 900 34,800 6,000 36,000 Rental revenue.. Salaries expense Rent expense ****** Advertising expense... Utilities expense.. $1,500 9,000 6,000 1,200 600