A sole proprietorship was started on January 1, Year 1, when it received $45,000 cash from Marlin Jones, the owner. During Year 1, the company earned $44,200 in cash revenues and paid $21,650 in cash expenses. Jones withdrew $6,100 cash from the business during Year 1. Required Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Jones Year 1 fiscal year.

MARLIN JONES SOLE PROPRIETORSHIP
Income Statement
For the Year Ended December 31, Year 1
	$0

MARLIN JONES SOLE PROPRIETORSHIP
Capital Statement
For the Year Ended December 31, Year 1
Beginning capital balance
Ending capital balance	$0

MARLIN JONES SOLE PROPRIETORSHIP
Balance Sheet
As of December 31, Year 1
Assets
Total assets		$0
Liabilities
Equity
Total liabilities and equity		$0

MARLIN JONES SOLE PROPRIETORSHIP
Statement of Cash Flows
For the Year Ended December 31, Year 1
Cash flows from operating activities:
Net cash flow from operating activities		$0
Cash flows from investing activities
Net cash flow from investing activities		$0
Cash flows from financing activities:
Net cash flow from financing activities		0
Net change in cash		0
Ending cash balance		$0