Preparing financial statements from the trial balance and calculating the debt ratio The trial balance as of July 31, 2017, for Sandra Sousa, Registered Dietician, is presented below: Requirements Prepare the income statement for the month ended July 31, 2017. Prepare the statement of owner's equity for the month ended July 31, 2017. The beginning balance of capital was $0 and the owner contributed $24,000 during the month. Prepare the balance sheet as of July 31, 2017. Calculate the debt ratio as of July 31, 2017