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 2,200 35,500 101,000 9,000 82,500 5,050 Rent Expense Cash Salaries Expense Utilities Expense Supplies Initial Investment 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. Stmt of Income Statement Owners Eqty Balance Sheet Prepare a statement of owner's equity for the month of August 31, 2019. MCKINLEY CHARTER SERVICE Statement of Owner's Equity Month Ended August 31, 2019 Guy McKinley, Capital, August 1, 2019 $ 184,600 Net income for August $ 1,300 Add: Withdrawals for August 5,050 Decrease in capital (3,750) $ 180,850