Hill Connect | Question X + connect.mheducation.com/connect/eztassignment/previewAssignment.htm?assignmentld-354328170&moduleld=6511525837 5. Award: 15.00 points Problems? Adjust credit for all students. On August 1, 2022, Cross Fitness entered its second year of operations. Cross Fitness provides high-performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31, 2023, Jay Grey, the owner, finalized the company's records, which showed the following items. Accounts payable Accounts receivable Jay Grey, capital, July 31, 2022* Jay Grey, withdrawals Cash Furniture Interest expense Notes payable Workout equipment Prepaid rent Rent expense Personal training revenue Group training revenue Supplies Supplies expense Utilities expense Wages expense $ 11,300 61,000 81,200 55,500 7,500 15,100 4,000 39,000 21,100 5,900 23,500 6,300 159,500 4,300 17,800 11,700 69,900 Q Search Required: a. Prepare an income statement for the year end