onnect AssignmentOn August $1,2022,$ Cross Fitness entered its second year of operations. Cross Fitness provides high$-$performance group and personaltraining courses that have been derived from scientific research and exercises used by professionalGrey, the owner, finalized the company's records, which showed the following items.Accounts payableAccounts receivableJay Grey, capital, July $31,2022*$Jay Grey, withdrawalsCashFurnitureInterest expenseNotes payableorkout equipmentDant expensePersonal training revenueGroup training revenueSuppliesSupplies expenseUtilities expenseWages expense$ $11\mathrm{.}9$o$0$Required:$67\mathrm{.}00081,80058\mathrm{.}5008,10015,/621,7006,50026,5007,500168\mathrm{.}5004,90018,40012\mathrm{.}30070,500$Saved"Hint The ending capital balance for one period is the beginning capital balance for the next period. There were no ownerinvestments during the year ended July $31,2023.$a$.$ Prepare an income statement for the year ended July $31,2023.$On July $31,2023,$ Jay