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Floating Speed Boat has completed all its journal entries and adjusting entries for the month of February 2022. The adjusted trial balance is shown below.

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Floating Speed Boat has completed all its journal entries and adjusting entries for the month of February 2022. The adjusted trial balance is shown below. Note: during the month of February, the owner of Floating Speed Boat invested $6,170 into the business. This investment is already \begin{tabular}{|l|r|r|} \hline Bank Loan & & 15,390 \\ \hline Murray, Capital & & $ \\ & & 47,360 \\ \hline Murray, Withdrawals & $ & \\ \hline Service Revenue & 1,630 & \\ \hline Advertising Expense & $230 & \\ \hline Depreciation Expense & $220 & \\ \hline Insurance Expense & $220 & \\ \hline Interest Expense & $400 & \\ \hline Rent Expense & $ & \\ \hline Total & 1,220 & \\ \hline \end{tabular} Prepare the income statement, statement of numnarlo nimithy and halamnn ohant frimn than \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Floating Speed Boat } \\ \hline \multicolumn{2}{|c|}{ Statement of Owner's Equity } \\ \hline For the Month Ended February 28,2022 \\ \hline Murray,CapitalatFebruary1,2022 & & \\ \hline Add: & & \\ \hline NetIncome(Loss) & & \\ \hline AdditionalInvestments & & \\ \hline TotalAdditions & & \\ \hline Subtotal & & \\ \hline Less:Murray,Withdrawals & & \\ \hline Murray,CapitalatFebruary28,2022 & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Floating Speed Boat } \\ \hline \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ As at February 28, 2022} \\ \hline Assets & & \\ \hline Cash & & \\ \hline AccountsReceivable & & \\ \hline Prepaid & & \\ Insurance & & \\ \hline Equipment & & \\ \hline Less:AccumulatedDepreciation-Equipment & & \\ \hline NetEquipment & & \\ \hline Total Assets & & \\ \hline Liabilities & & \\ \hline AccountsPayable & & \\ \hline Interest & & \\ Payable & & \\ \hline UnearnedRevenue & & \\ \hline Bank Loan & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline TotalLiabilities & & \\ \hline OwnersEquity & & \\ \hline Murray,Capital & & \\ \hline TotalLiabilitiesandOwnersEquity & & \\ \hline \end{tabular}

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