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how would I solve this ????? A sole proprietorship was started on January 1, Year 1, when it received $60,000 cash from Tom Scott, the

how would I solve this ?????

A sole proprietorship was started on January 1, Year 1, when it received $60,000 cash from Tom Scott, the owner. During Year 1, the company earned $85,000 in cash revenues and paid $46,800 in cash expenses. Tom withdrew $18,000 cash from the business during Year 1.

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how do I make an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Tom's Year 1 fiscal year.

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