5. Prepare an income statement, statement of changes in equity, and balance sheet based on your trial balance. Revenue Expenses Profit Wild West Secure Income Statement For Month Ended July 31, 2017 Manny Gill, capital, July 1. Add: Investments by owner Profit Total Less: Withdrawals by owner Manny Gill, capital, July 31 Wild West Secure Statement of Changes In Equity For Month Ended July 31, 2017 Assets Cash. Accounts receivable Equipment Wild West Secure Balance Sheet July 31, 2017 Liabilities Accounts payable Equity Manny Gill, capital Total liabilities and equity Total assets Analysis Component: Assets are financed by debt and equity transactions, a concept reinforced by the accounting equation: A = L + E. Since accounts receivable are an asset, are they financed by debt and or equity? Explain.