Farah decided to open a new coffee shop called "Happiness Coffee Shop" by investing $45,000 as a business capital. The below information is related to her coffee shop and she asked you to help her in preparing a number of financial statements. Coffee Machines $ 64,000 Revenues $7,500 Rent expenses 1,200 Cash 5,000 Accounts payable 800 Loan 30,000 Notes receivable 7,200 Salaries expense 2,500 Repair expense 400 Insurance expense 1,000 Advertising expense 500 Drawings 1,500 Instructions: 1- Prepare the following statements for the year ended December 31, 2019: (a) Income statement (b) Owners' equity statement (c) Balance sheet Hint: write the statements title and show clearly the financial statements items