Chapter 8 Connect Homework 2 10 points A sole proprietorship was started on January 1, Year 1, when it received $63,500 cash from Marlin Jones, the owner. During Year 1, the company eamed $46,000 in cash revenues and paid $19,690 in cash expenses. Jones withdrew $4,900 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 Complete this question by entering your answers in the tabs below. References Income Statement Capital Statement Belance Sheet Stmt of Cash Rows Prepare the income statement. MARLIN JONES SOLE PROPRIETORSHIP Income Statement For the Year Ended December 31, Year 1 Capital Statement > 2 10 points A sole proprietorship was started on January 1, Year 1, when it received $63,500 cash from Marlin Jones, the owner, During Year 1, the company earned $46,000 in cash revenues and paid $19,690 in cash expenses. Jones withdrew $4,900 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. Complete this question by entering your answers in the tabs below. References Income Statement Statement Balance Sheet Stmt of Cash Flows Prepare a capital statement MARLIN JONES SOLE PROPRIETORSHIP Capital Statement For the Year Ended December 31, Year 1 Beginning capital balance Ending capital balance Income Statement Balance Sheet> 10 2 points H A sole proprietorship was started on January 1, Year 1, when it received $63,500 cash from Marlin Jones, the owner. During Year 1, the company earned $46,000 in cash revenues and paid $19,690 in cash expenses. Jones withdrew $4,900 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. Complete this question by entering your answers in the tabs below. Deferences Income Capital Statement Statement Belance Sheet Stmt of Cash Prepare a balance sheet. Asses Total assets Liabilities Equity MARLIN JONES SOLE PROPRIETORSHIP Balance Sheet As of December 31, Year 1 Total labites and equity Capital Statement Snt of Cash Flows > 10 points . A sole proprietorship was started on January 1, Year 1 when it received $63,500 cash from Martin Jones, the owner During Year 1, the company earned $46,000 in cash revenues and paid $19,690 in cash expenses. Jones withdrew $4,900 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. Complete this question by entering your answers in the tabs below. Income Statement Capital Statement Belance Sheet St of Cash Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign) MARLIN JONES SOLE PROPRIETORSHIP Stament of Cash Flows For the Year Ended December 31, Your 1 Cash flows om operating activities Ner cash flow from operating activities Cash fun from sing Cash flows from financing wes Net cash on from financing activ Net change in cash Ending cash la Balance Sheet >