Please answer question 3.

2. In early December, Alice and Bob decided to open the Sample Cafe with $15,000 of their own money and $20,000 borrowed from a friend. They have spent $12,000 on equipment and furniture, and they have purchased $3,000 worth of inventory. Having put down a $2,500 deposit for a location on Main St., they will pay the first month's rent when they open their doors on January 1st. Create a balance sheet showing the financial position of the Sample Cafe as of December 31st 3. The Sample Cafe nearly broke even in the first month of business. Below is a summary of revenue and expenses for January. Starting with the balance sheet from December 31st, use the results to create an updated balance sheet for January 31st. Sample Cafe Income Statement Summary Month Ended January 31, 20xx Item Value Note Revenue $30,000 n/a Cost of Goods Sold $3,500 $1,000 from inventory. Total Expenses $27,000 Includes equipment depreciation of $200. Net Income ($500) n/a