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Exercise 11-2A (Algo) Effect of accounting events on the financial statements of a sole proprietorship LO 111 A sole proprietorship was started on January 1, Year 1, when it recetved $59,000 cash from Marin Jones, the owner. During Year 1, the company earned $40,200 in cash revenues and paid $18,400 in cash expenses. Jones withdrew $4,100 cash from the business duing Year 1. Required Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for jones' Year 1 fiscol year. Complete this question by sntering your answers in the tabs below. Prepare an income atatement for donea Year : fiscal year. Required Prepare an Income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows Jones' Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a capital statement (statement of changes in equity) for Jones Year 1 fiscal year. A sole proprletorship was started on January 1, Year 1 , when it recelved $59,000 cash from Marlir company earned $40,200 in cash revenues and pald $18,400 in cash expenses. Jones withdrew Year 1. Required Prepare an Income statement, capital statement (statement of changes In equity), balance sheet, a Jones' Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Jones Year 1 fiscal year. Prepare a statement of cash flows for Jones' Year 1 fiscal vear. (Enter cash outflows Exercise 11-2A (Algo) Effect of accounting events on the financial statements of a sole proprietorship LO 111 A sole proprietorship was started on January 1, Year 1, when it recetved $59,000 cash from Marin Jones, the owner. During Year 1, the company earned $40,200 in cash revenues and paid $18,400 in cash expenses. Jones withdrew $4,100 cash from the business duing Year 1. Required Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for jones' Year 1 fiscol year. Complete this question by sntering your answers in the tabs below. Prepare an income atatement for donea Year : fiscal year. Required Prepare an Income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows Jones' Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a capital statement (statement of changes in equity) for Jones Year 1 fiscal year. A sole proprletorship was started on January 1, Year 1 , when it recelved $59,000 cash from Marlir company earned $40,200 in cash revenues and pald $18,400 in cash expenses. Jones withdrew Year 1. Required Prepare an Income statement, capital statement (statement of changes In equity), balance sheet, a Jones' Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Jones Year 1 fiscal year. Prepare a statement of cash flows for Jones' Year 1 fiscal vear. (Enter cash outflows