James Wilson is a new staff accountant for Zoie's Beauty Supply. He has asked you to review the financial statements prepared for April to find and correct any errors. Review the income statement and balance sheet that follow and identify the errors Wilson made he did not prepare a statement of owner's equity). ZOIE'S BEAUTY SUPPLY Income Statement April 30, 2019 Revenue Fees Income $38, 800 Expenses Salaries Expense $9,500 Rent Expense Repair Expense Utilities Expense 1,700 Drawing 2,500 4, 500 Total Expenses Net Income 19,900 $23, 600 Income StatementOwners Eqty Stmt of Balance Sheet Prepare a corrected income statement for Zoie's Beauty Supply ZOIE'S BEAUTY SUPPLY Income Statement Month Ended April 30, 2019 Revenue Expenses Total expenses ZOIE'S BEAUTY SUPPLY Balance Sheet Month Ended April 30, 2019 Assets Liabilities Land Building $.12, 40, 000 15,000 Accounts Receivable $ 7,000 Owner's Equity Cash Accounts Payable Total Assets 5,000 Zoie Taylor, Capital, April 1, 2019 49, 200 $56, 200 Total Liabilities and Owner's Equity $56,200 Required: Prepare a corrected income statement and balance sheet, as well as a statement of owner's equity, for Zoie's Beauty Supply. Complete this question by entering your answers in the tabs below. Stmt of Owners Egty Balance Sheet Income Prepare a statement of owner's equity for Zoie's Beauty Supply. ZOIE'S BEAUTY SUPPLY Statement of Owner's Equity Month Ended April 30, 2019 Income Stmt of StatementOwners Eqty Balance Sheet Prepare a corrected balance sheet for Zoie's Beauty Supply. ZOIE'S BEAUTY SUPPLY Balance Sheet as of April 30, 2019 Assets Liabilities Owner's Equity Total assets Total liabilities and Owner's equity