Bevs Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilities of the business on November 1, 2019, are as follows: Cash, $15,960; Accounts Receivable, $32,680; Supplies, $3,040; Land, $38,000; Accounts payable, $13,680. Business transactions during November are summarized as follows:

1. Beverly Zahn invested additional cash in the business with a deposit of $31,000 in the business bank account.
2. Purchased land adjacent to land currently owned by Bevs Dry Cleaners to use in the future as a parking lot, paying cash of $15,600.
3. Paid rent for the month, $11,400.
4. Charged customers for dry cleaning revenue on account, $32,300.
5. Paid creditors on account, $13,300.
6. Purchased supplies on account, $5,700.
7. Received cash from cash customers for dry cleaning revenue, $30,400.
8. Received cash from customers on account, $38,000.
9. Received monthly invoice for dry cleaning expense for November (to be paid on December 10), $15,200.
10. Paid the following: wages expense, $8,360; truck expense, $3,040; utilities expense, $3,230; miscellaneous expense, $1,440.
11. Determined that the cost of supplies on hand was $7,410; therefore, the cost of supplies used during the month was $1,330.
12. Withdrew $8,700 cash for personal use.

Required:

1. Determine the amount of Beverly Zahns capital as of November 1.

2. Prepare an income statement for November

3. Prepare a statement of owner's equity for November