Below are the financial accounts of Metro Labs. The company has just completed its third year of operations ended November $30,2011.$ Accounts Payable $ $7,400$ Accounts Receivable $51,900$ Cash $115,750$ Design Service Revenue $300,000$ Marketing Expense $19,700$ Office Rent Expense $50,000$ Owner$$s Capital, November $30,2010($beginning of the period$)70,400$ Salaries Expense $96,000$ Salaries Payable $2,700$ Supplies $800$ Supplies Expense $6,350$ Withdrawals $40,000$ Required $1.$ Prepare the income statement, statement of owner$$s equity, and balance sheet for Metro Labs. There were no investments by the owner during the year