Prepare Carolna Communications statement of owners equity for the year-end July

Carolina Communications Statement of Owner's Equity Year Ended July 31, 2024 i Data Table X Carolina, Capital, August 1, 2023 Carolina, Capital, July 31, 2024 Cash $ 3,500 Cost of Goods Sold $ 18,400 Requirement 2. Prepare Carolina Communications' classified balance sheet at July 31, 2024. Use the report format. Selling Expenses 1,600 Equipment, net 8,500 Begin by completing the assets section, then complete the liabilities and owner's equity sections. Accounts Payable 4,100 Salaries Payable 1,300 Carolina Communications Carolina, Capital 980 Net Sales Revenue 28,800 Balance Sheet Notes Payable. long-term 1,400 Accounts Receivable 2,800 July 31, 2024 Merchandise Inventory 700 Interest Expense 60 Assets Administrative Expenses 2,700 Refunds Payable 1,200 Estimated Returns Inventory 300 Sales Discounts Forfeited 800 Print Done i Reference - X Carolina Communications Income Statement Year Ended July 31, 2024 Net Sales Revenue S 28,800 Liabilities Cost of Goods Sold 18,400 Gross Profit 10.400 Operating Expenses: Selling Expenses S 1,600 Administrative Expenses 2,700 Total Operating Expenses 4.300 Operating Income 8,100 Other Income and (Expenses): Sales Discounts Forfeited 800 Owner's Equity Interest Expense (60) Total Other Income and (Expenses) 740 S 6,840 Net Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next question. Print Done