B379A36FU... Preparation and Interpretation of Financiare. P8. Sears Labs' financial accounts follow. The company has just completed of operations ended November 30, 2014. $ 7,400 Accounts Payable 9,100 Accounts Receivable 141,600 Cash 248,000 Design Service Revenue 19,700 Marketing Expense 18,200 Office Rent Expense Owner's Capital, November 30, 2013 70,400 Salaries Expense 96,000 Salaries Payable 2,700 Supplies 800 Supplies Expense 3,100 Withdrawals 40,000 REQUIRED 1. Prepare Sears Labs' income statement, statement of owner's equit sheet. There were no investments by the owner during the year. 2. BUSINESS APPLICATION Evaluate the company's ability to mee they come due