Instructions Prepare an income statement, etatement of owher's ofwity, and baliance elseet Taking it Further Why is it necosesiry or's equity, and the bilance sheet lret? Instructions a. Calculate the missing amounts (a) to (j). b. Write a memo explaining (1) the sequence for preparing the financial statements, and (2) the interrelationships between the income statement, statement of owner's equity, and balance sheet. Taking it Further Why isn't the balance sheet dated the same way as the income statement and statement of owner's equity: "Year Ended February 29, 2024"? Jim's capital at the beginning of 2024 was $45,850. He made no investments during the ye rif Instructions Prepare an income statement, statement of owner's equity, and balance sheet. Taking it Further Why is it necessary gr's equity, and the balance sheet last? P1.10A (LO 6) AN Here are incomplete financial statements for Lee Company: Instructions a. Calculate the missing amounts (a) to (j). b. Write a memo explaining (1) the sequence for preparing the financial statements, and (2) the interrelationships between the income statement, statement of owner's equity, and balance sheet. Taking It Further Why isn't the balance sheet dated the same way as the income statement and statement of owner's equity: "Year Ended February 29, 2024