mowers. He paid $4,600 to a friend who helped him on several occasions. An advertisement in the local paper cost $1,400. Now, at the end of the summer, Humphrey is concerned because he has only $5,400 left in his checking account. He says, "I worked hard all summer and have only $5,400 to show for it. It would have been better to leave the money in the bank." Required: Prepare an income statement, a statement of owner's equity (for the three month period ended August 31, 20X1), and a balance sheet (dated August 31, 20X1) for Elegant Lawn Care. Complete this question by entering your answers in the tabs below. Prepare an income statement (for the three month period ended August 31, 20X1) for Elegant Lawn Care. mowers. He paid $4,600 to a friend who helped him on several occasions. An advertisement in the local paper cost $1,400. Now, at the end of the summer, Humphrey is concerned because he has only $5,400 left in his checking account. He says, "I worked hard all summer and have only $5,400 to show for it. It would have been better to leave the money in the bank." Required: Prepare an income statement, a statement of owner's equity (for the three month period ended August 31, 20X1), and a balance sheet (dated August 31, 20X1) for Elegant Lawn Care. Complete this question by entering your answers in the tabs below. Prepare an income statement (for the three month period ended August 31, 20X1) for Elegant Lawn Care