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A sole proprietorship was started on January 1, 2018, when it received $48,000 cash from Marlin Jones, the owner. During 2018, the company earned $36.900

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A sole proprietorship was started on January 1, 2018, when it received $48,000 cash from Marlin Jones, the owner. During 2018, the company earned $36.900 in cash revenues and paid $18,500 in cash expenses. Jones withdrew $4,500 cash from the business during 2018 points Required: Prepare the income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Jones's 2018 fiscal year. Complete this question by entering your answers in the tabs below. References Income Capital Statement Statement Balance Sheet Smt of Cash Fls Prepare a capital statement. MARLIN JONES SOLE PROPRIETORSHIP Capital Statement For the Year Ended December 31, 2018 Beginning capital balance Ending capital balance Prev 1 of 5 !! Next >

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