need statement of owners equity and if you have time, balance sheet.

Following is a trial balance for Songahm Taekwondo, a sole proprietorship as of July 31, 2019, the end of its first month of business. To do: Based on the trial balance, prepare an income statement, a statement of owners equity and a balance sheet as at July 31, 2019. 1 2 3 Account Title Debits Credits 4 Cash $27,400 5 Accounts receivable 500 6 Prepaid rent 2,500 7 Equipment 6,000 8 Accumulated depreciation, equipment 100 9 Accounts payable 300 10 Salaries payable 240 11 Interest payable 133 12 Notes payable 20,000 13 Taekwondo, Capital 10,000 14 Revenues 11,500 15 Operating expense 1,000 16 Salary expense 1,840 17 Utility expense 300 18 Interest expense 133 19 Rent expense 2,500 20 Depreciation expense 100 21 Totals $42,273 $42,273 22 23 Financial Statements Income Statement Type here to search HI