15 4 points IMC Print Help Susan Huang began the practice of law on October 1, 2023, with an initial investment of $19,400 in cash. She made no withdrawals during the month. After completing the first month of practice, the financial statements were prepared by Ryan Player, the secretary/bookkeeper Ms. Huang had hired. Ms. Huang almost burst out laughing when she saw them. She had completed a course in legal accounting in law school and knew the statements prepared by Player left much to be desired. Consequently, she asked you to revise the statements. The Player version is presented as follows: Susan Huang, Lawyer Balance Sheet October 31, 2023 Liabilities and Equity $6,850 Susan Huang, capital $19,400 Assets Cash Furniture 5,050 Supplies expense 990 Accounts payable 1,770 Rent expense 4,100 Supplies 640 $19,400 Susan Huang, Lawyer Income Statement For Month Ended October 31, 2023 Revenues: Legal revenue Accounts receivable! Expenses: Salaries expense Telephone expense Law Library Profit $14,300 2,400 $16,700 $ 3,000 320 12,120 15,440 $1,260 $19,400