Floating Speed Boat has completed all of its journal entries and adjusting entries for the month of February 2019. The adjusted trial balance is shown below. Note: during the month of February, the owner of Floating Speed Boat invested $8,330 into the business.

Required

Prepare the income statement, statement of owner's equity, and balance sheet.

Floating Speed Boat Adjusted Trial Balance February 28, 2019 Account Titles DR CR Cash $ 8,7301 Accounts Receivable $ 7,250 Prepaid Insurance $ 1,660 Equipment $ 63,620 Accumulated Depreciation-Equipment $ 1,360 Accounts Payable $ 9,810 interest Payable $ 130 Unearned Revenue $ 5,550 Bank Loan $ 15,700 Murray, Capital $ 47,740 Murray, Withdrawals $ 1,240 Service Revenue $5,380 Advertising Expense $ 380 Depreciation Expense $ 460 Insurance Expense $450 interest Expense $ 430 Rent Expense $ 1,450 Total $ 85,670 $ 85,670 Required Prepare the income statement, statement of owner's equity, and balance sheet