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 $ 25,000 Rent Expense 2,200 Cash 35,500 Salaries Expense 101,000 Utilities Expense 9,000 Supplies 82,500 Initial Investment 5,050 Accounts Payable $ 6,300 7,400 12,200 1,700 5,000 49,000 7,850 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. 35,500 MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 2019 Revenue Fees income $ Expenses: Gasoline expense $ 9,000 Rent expense 6,300 Salaries expense 12,200 Utilities expense 1,700 Supplies 5,000 Total expenses $ 34,200 1,300