Owner's Equity Salaries Rent Auto Supplies Misc Expense - Expense - Expense - Expense - Expense Feye Assets =Liabilities + Seth Seth Accounts Feye, Accounts Fees Cash + Receivable + Supplies - Payable + Capital - Drawing + Earned +50,000 +50,000 b. +7,000 +7,000 Bal 50,000 7,000 7,000 50,000 c -3,600 -3,600 Bal 46,400 7,000 3,400 50,000 d. +110,000 +110,000 Bal 156,400 7,000 3,400 50,000 110,000 -33,000 Bal 123,400 7,000 3,400 50,000 110,000 -20,800 Bal 102,600 7.000 3,400 50,000 110,000 9 -55.000 Bal 47.600 7,000 3,400 50,000 110,000 h -4,500 47,600 2,500 3.400 50.000 110,000 +34,500 + 34,500 Bal 47.600 34,500 2.500 3,400 50,000 144,500 -15,000 -15,000 Bal. 32.600 34,500 2,500 3,400 50,000 -15,000 144,500 --33,000 -33,000 -16,000 -16,000 -4,800 -4,800 -33,000 -55,000 -55,000 33,000 --16,000 -4,800 4,500 -4,500 -55,000 --33,000 -16,000 4,800 55,000 --33,000 -16,000 -4,500 -4,800 -55,000 --33,000 -16.000 -4,500 4800 Instructions 1. Prepare an income statement for the month ended July 31, 20Y2. 2. Prepare a statement of owner's equity for the month ended July 31, 20Y2. 3. Prepare a balance sheet as of July 31, 20Y2. 4. (Optional) Prepare a statement of cash flows for the month ending July 31, 20Y2