Prepare an income statement and equity statement for the month of January, and a balance sheet for January 31.Include gross profit, operating income, earnings before taxes, total liabilities, and total equity. On December 31, 2021, Steven \& Sons had the following account balances: \begin{tabular}{l|l|} \hline Cash & 8,000 \\ \hline Retained earnings & 2,000 \\ \hline Common stock & 4,000 \\ \hline Inventory & 1,000 \\ \hline Note payable & 3,000 \\ \hline \end{tabular} In January 2022, Steven \& Sons made the following transactions: 1/2/2022 Purchases $19,000 of inventory on account 1/3/2022 Buys $4,000 of equipment for cash. 1/6/2022 Sells $6,000 worth of inventory for $13,000 cash. 1/5/2022 Pays $1,500 for maintenance. 1/6/2022 Pays $11,000 of what it owes for inventory. 1/7/2022 Sells $4,000 worth of inventory for $7,500 on account. 1/20/2022 Collects $4,100 of the 1/7/22 credit sales. 1/25/2022 Repurchased $900 of common stock. 1/26/2022 Declares and pays $620 cash dividend 1/28/2022 Incurs $32 of depreciation expense. 1/30/2022 Incurs and pays $250 of interest on note. 1/30/2022 Recognizes $300 of income tax expense