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Guy McKinley started the McKinley Charter Services at the beginning of August 2020, On August 31, 2020, the accounting records of the business showed the following information. Please answer the following questions in regards to the financial statements. (2 points per question) Equipment Accounts Receivable Fees Income Boats Gasoline Expense Guy McKinley, Capital (as of August 1, 20--) Loans Payable $ 17,000 2,600 28,000 103,000 6,500 $1,000 77,500 Rent Expense Cash Salaries Expenso Utilities Expense Supplies Withdrawals $4,500 5,000 9,600 1,900 2,300 4,100 Boats are an asset Loans Payable is a liability Income Statement Questions: 1. What is the total revenue for the month? 2. What are the total expenses for the month? 3. What is the net income for the month? Statement of Owner's Equity Questions 1. What is the Guy McKinley, Capital on August 1, 2020? 2. What in the increase in capital for the month of August? 3. What is the Guy McKinley, Capital on August 31, 2020? Balance Sheet Questions 1. What are the total Assets and total Liabilities and Owner's Equity