oblem 2.4A (Algo) Preparing an income statement, a statement of owner's equity, and a balance eet. LO 2-4, 2-5 e following equation shows the transactions of Cotton Cleaning Service during May. The business is owned by Taylor Cotton. Prepare an income statement for the month of May 31,201. (List the expenses in det Prepare a statement of owner's equity for the month of May 31,201. Prepare a balance sheet for May 31,201. Analyze: In order to complete the balance sheet, which amount was transferred from the statement of owner Complete this question by entering your anshers in the tabs below. Which amount was transferred from the statement of owner's equity? Analyze: In order to complete the balance sheet, which amount was transferred from the statement of owner's equity? Complete this question by entering your ans.fers in the tabs below. Which amount was transferred from the statement of owner's equity