Prepare a balance sheet. The completed worksheet for Montoys Corporation as of December 31, 20X1, after the company had completed the first month of operations, appears below. 1. Tepare on income stamement. 3. Trepare a balance sheet If the adjustment to Prepaid Advertising had been $3,400 instead of $1,700, what net income would have resulted Prepare a statement of owner's equity. The owner made no additional investments during the month. Prepare an income statement