Can you prepare the statements? On May 1, Jagdish started Skyline Tutorials by investing 45,000 cash in the business. Following are the accounting information for the month of May (Amount in *) Cash 3,600; Accounts Payable 10,000; Accounts Receivable 5,000; Rent Expense 1,200; Equipment 62,000; Repair Expense 400; Lesson Revenue 27,500; Fuel Expense 2,500; Advertising Expense 2,500; Depreciation 1,000; Insurance Expense 400; Interest Expense 1,000; Salary Payable 800; Income Tax 2,200. Jagdish made no additional investment in May, but he withdrew 1,500 in cash for personal use. Prepare an income statement and owner's equity statement for the month of May and a balance sheet at May 31.