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FASHION HOUSE BEAUTY SUPPLY Income Statement April 30, 20X1 Revenue Fees income $38,520 Expenses Salaries expense $11, 770 Rent expense 3,300 Repair expense 980 Utilities expense 1, 870 Drawing 5,150 Total expenses 23, 070 Net income $21, 050 FASHION HOUSE BEAUTY SUPPLY Balance Sheet Month Ended April 30, 20X1 Assets Liabilities Land $ 24,900 Accounts receivable $ 13, 870 Building 33, 600 Cash 15, 130 Owner's Equity Accounts payable 6, 650 French Taylor, Capital, April 1, 20X1 64, 500 Total Assets $ 83,300 Total Liabilities and Owner's Equity $ 78,370 Required: Prepare a corrected income statement and balance sheet, as well as a statement of owner's equity, for Fashion House Beauty Supply.Income Stmt of Statement Owners Eqty Balance Sheet Prepare a corrected income statement for Fashion House Beauty Supply. FASHION HOUSE BEAUTY SUPPLY Income Statement Revenue Expenses Total expenses 0 Income Stmt of Statement Owners Eqty Balance Sheet Prepare a statement of owner's equity for Fashion House Beauty Supply. FASHION HOUSE BEAUTY SUPPLY Statement of Owner's Equity $ 0