2: From the Trial Balance information given below, prepare: 1. a November Income Statement, 2. a November Statement of Owner's Equity, and 3. a November 30 Balance Sheet. On November 1 of the current year, Mike Jacobs began Mike Jacobs Company with an initial investment of $50,000 cash. On November 30, his records showed the following (alphabetically arranged) items and amounts. Accounts payable...... Accounts receivable.......... Cash........ Fees earned... Notes payable..... $22,000 Office furnishings..........$50,000 33,000 Owner's withdrawals...... 16,000 27,200 Rent expense............... 40,000 Salaries expense. 13,600 16,200 14,250 Telephone expense... 10,250