A sole proprietorship was started on January $1,$ Year $1,$ when it received $$41,000$ cash from Marlin Jones, the owner. During Year $1,$ the

company earned $$53,200$ in cash revenues and paid $$20,340$ in cash expenses. Jones withdrew $$4,100$ 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.