Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 2019, the accounting records of the business showed the following information Equipment Accounts Receivable Fees Income Boats Gasoline Expense Loans Payable Owners'Withdrawal 24,000 Rent Expense $6,100 7,200 12,000 1,800 4,800 50,000 7,800 2,400 Cash 3,000 Salaries Expense 102,000 Utilities Expense 8,800 Supplies 81,500 Initial Investment 3,200 Accounts Payable Prepare an income statement and a statement of owner's equity for the month and a balance sheet as of August 31, 2019 Complete this question by entering your answers in the tabs below Income Statement Owners Eqty Stmt of Balance Sheet Prepare a balance sheet for August 31, 2019 MCKINLEY CHARTER SERVICE Balance Sheet August 31, 2019 Assets Liabilities Owner's Equity Total Assets 0 Total Liabilities and Owner's EquityS Stmt of Owners Eqty Balance Sheet