1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20--. Kohl's Home Repair Income Statement For Month Ended May 31, 20-- Total expenses 2. Prepare a statement of owner's equity for Kohl's Home Repair for the month ended May 31, 20--- Kohl's Home Repair Statement of Owner's Equity For Month Ended May 31, 20-- Total investment 3. Prepare a balance sheet for Kohl's Home Repair as of May 31, 20. Balance Sheet WA Assets Liabilities Owner's Equity Total assets Total liabilities & owner's equity Calculator KORS Home Repair Trial Balance May 31, 20- Debit Credit Account Balance Balance Cash 14,720 2,100 Accounts Receivable Office Supplies Prepaid Insurance 200 800 Equipment 8,000 7,000 Van 5,500 20,000 Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees 3,000 12.100 Rent Expense 800 Wages Expense Phone Expense Gas and Oil Expense 100 180 37,600 Totals 37,600 $20,000 $10,320 Change in owner's equity: Wilhelm Kohl's original investment in the business + Net income for the month - Owner's drawing Increase (decrease) in capital = Ending owner's equity 3,000 7,320 $27,320 Required