ght opened "The General's Favorite Fishing Hole. The fishing camp is open from Apri through September famous college basketball coaches during the off -season, Guests typically register for one week, arriving on ng Saturday afternoon. The registration fee indudes room and board, the use of fishing boats, and professional instruction in fishing techniques,. Ledger balances for The General's Favorite Fishing Hole at the end of April, after adjusting entries, are as follow Accounts Payable Accumulated Depreciation- Fishing Boats Bob Night, Capital Bob Night, Drawing $66,500 1,000 90,000 6,000 130,650 1,000 60,000 9,000 Depreciation Expense-Fishing Boats Fishing Boats Food Supplies Food Supplies Expense Insurance Expense Office Supplies Office Supplies Expense Postage Expense Prepaid Insurance Registration Fees Rent Expense Phone Expense Utilities Expense 1,500 100 150 7,500 171,700 1,200 2,000 40,500 Wages Expense Wages Payable Registration Fees Rent Expense Phone Expense Utilities Expense Wages Expense Wages Payable Required: 7. Prepare the income statement. 171,700 40,000 1,200 2,000 40,500 500 The General's Favorite Fishing Hole Income Statement For Month Ended April 30, 20-- Expenses: 7. Prepare the income statement. The General's Favonite Fishing Hole Income Statement For Month Ended April 30, 20 Revenues: Expenses Total expenses Total expenses 8. Prepare the statement of owners equity. If an answer is zero, enter "0" The General's Favorite Fishing Hole Statement of Owner's Equity For Month Ended April 30, 20 Total investment 9. Prepare the balance sheet. The Generals Favorite Fishing Hole Balance Sheet 9. Prepare the balance sheet. The General's Favorite Fishing Hole Balance Sheet April 30, 20- Assets Current assets: Total current assets Property, plant, and equipment: Total assets Liablities Current liahilities Total current assets Property, plant, and equipment Total assets Current liabilities: Total current liabilities Owners Equity Total labilities and owner's e