1000 p E3-17 Inferring Operating Transactions and Preparing an Income Statement and Balance Sheet LO3-2, 33, 34, 3-5 Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world. Its stores are located in rented space in mals and shopping centers. During its first month of operations ended April 30, Kate's Kite Company completed eight transactions with the dollar effects indicated in the following schedule DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS Required: 2. Compute the ending balance in each account and prepare an income statement and a classified balance sheet for Kate's Kite Company on April 30 Answer is complete and correct KATE'S COMPANY Answeis moet