A sole proprietorship was started on January 1, Year 1, when it received $56,500 cash from Marlin Jones, the owner. During Year 1, the company earned $39,500 in cash revenues and paid $20,990 in cash expenses. Jones withdrew $6,300 cash from the business during Year 1. Required Prepare the income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Jones's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Capital Statement Stmt of Cash Balance Sheet Flows Prepare the income statement. MARLIN JONES SOLE PROPRIETORSHIP Income Statement For the Year Ended December 31, Year 1 $ 0