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The Curtis Company was started on Jenuary 1, Vear 1 as a sole propriesorship. The inaial imvestment from Chariotte Curtis, the owner, was $80,000. During Year 1 , the bushess esmed $60,000 in cash revenue and psid $45,000 in cash expenses. Ms. Curtis withdrew $7,000 for her personal use. Bequired: Using the above information, prepare an income statement, e capital statement, and a bolance sheet for the Curtis Compary. C. Answer is not complete. Complete this question by entering your answers in the tabs below. Propare a capial statament (statement of chenges in equity) for Year 1. Note: Amounts to be deducted should be indcated with a minus sign. The Curtis Company was started on January 1, Year 1 as a sole proprietorship. The initial investment from Chartotte Curtis, the owner, wos $80,000. During Year 1 , the business earned $60,000 in cash revenue and paid $45,000 in cash expenses. Ms. Curtis withdrew $7,000 for her personal use. Required: Using the above Information, prepare an income statement, a capital statement, and a balance sheet for the Curtis Company. Q Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a batancn sheet for Year 1