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 2,400 33,000 102,000 8,800 81,500 3,200 Rent Expense Cash Salaries Expense Utilities Expense Supplies Initial Investment Accounts Payable $ 6,100 7,200 12,000 1,800 4,800 50,000 7,800 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 Stmt of Owners Eqty Balance Sheet Prepare an income statement for the month of August 31, 2019. MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 2019 Revenue Expenses: Total expenses Complete this question by entering your answers in the tabs below. Income Statement Stmt of Owners Eqty Balance Sheet Prepare a balance sheet for August 31, 2019. MCKINLEY CHARTER SERVICE Balance Sheet August 31, 2019 Liabilities Assets Owner's Equity Total Assets Total Liabilities and Owner's Equity