If you are using working papers, write the owner's name, M. Carley, in the Capital and Drawing accounts. Post the general journal entries to the general ledger accounts. Prepare a trial balance as of August 31, 20--. Prepare an income statement for the two months ended August 31, 20--. Prepare a statement of owner's equity for the two months ended August 31, 20--. Prepare a balance sheet as of August 31, 20--. Check Figure Net Income. $11,649