Edward James decided to start his own rent-a-car business after graduation. James' Rent-a-car had the following ending balances after the first month of operations (January 2016). Ending Balances - January 31, 2016 Accounts Payable $600 Automobile $35,000 Bank Loan $18,000 Capital Invested in January $ 20,000 Cash $9,200 Interest Expense $200 James, Capital, January 1, 2016 $0 James, Drawings $ 1,000 Maintenance Expense $800 Miscellaneous Expense $300 Prepaid Insurance $1,500 Salaries Expense $ 1,000 Service Revenue $8,000 Unearned Revenue $3,000 Utilities Expense $600 Required Prepare the income statement, statement of owner's equity, and balance sheet. Income Statement Revenue Expenses Total Expenses Net Income (Loss)