Comprehensive Problem 1 Calculator Print Item Ledger balances for The General's Favorite Fishing Hole at the end of April, after adjusting entries, are as follow: $66,500 1,000 Accounts Payable Accumulated Depreciation - Fishing Boats Bob Night, Capital Bob Night, Drawing 90,000 6,000 Cash 130,650 1,000 60,000 Depreciation Expense-Fishing Boats Fishing Boats Food Supplies Food Supplies Expense 8,000 30,700 Insurance Expense 1,500 Office Supplies 100 400 150 Office Supplies Expense Postage Expense Prepaid Insurance Registration Fees Rent Expense 7,500 171,700 40,000 Phone Expense 1,200 Utilities Expense 2,000 40,500 Wages Expense Wages Payable 500 7. Prepare the income statement. The General's Favorite Fishing Hole Income Statement For Month Ended April 30, 20-- Revenues: $ Expenses: Total expenses Comprehensive Problem 1 Calculator Print Current assets: Total current assets Property, plant, and equipment: Total assets Liabilities Current liabilities: Total current liabilities Owner's Equity Total liabilities and owner's equity