Guy McKinley started the McKinley Charter Service at the beginning of August 20X1. On August 31, 20x1, the accounting records of the business showed the following information. Equipment Accounts Receivable Fees Income Boats Gasoline Expense Loans Payable Owners' Withdrawal $19,900 1,800 37,500 99,000 9,400 78,500 5,250 Rent Expense Cash Salaries Expense Utilities Expense Supplies Initial Investment Accounts Payable $ 6,700 7,800 12,600 1,500 5,408 47,000 6,350 Prepare an income statement and a statement of owner's equity for the month and a balance sheet as of August 31, 20X1. 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, 20X1. MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 20X1 Revenue Fees income Expenses sty Aa E Income Statement Prepare comes ute. hent for the month of August 31, 20x1. MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 20X1 Revenue: Fees income Expenses: Total expenses 0 $ 0 Income Statement Stmt of Owners Eqty ATUIT Statement LOR Owners Eqty Balance Sheet Prepare a statement of owner's equity for the month of August 31, 20X1. MCKINLEY CHARTER SERVICE Statement of Owner's Equity Month Ended August 31, 20X1 0 $ 0 Income Statement Balance Sheet > Income Statement Stmt of Owners Eqty Balance Sheet Prepare a balance sheet for August 31, 20X1. MCKINLEY CHARTER SERVICE Balance Sheet August 31, 20x1 Liabilities Assets Owner's Equity Total Assets $ 0 Total Liabilities and Owner's Equity 0 Stmt of Owners Eqty Balance Sheet