Problem 1-4A Financial statements LO6 On August 1, 2019, Cross Fitness entered its second year of operations. Cross Fitness provides high-performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31, 2020, Jay Grey, the owner, finalized the company's records, which showed the following items. Accounts payable Accounts receivable Day Grey, capital, July 31, 2019 Jay Grey, withdrawals Furniture Interest expense Notes payable workout equipment Prepaid rent Rent expense Personal training revenue Group training revenue Supplies Supplies expense utilities expete $ 12,500 75,000 32,700 63,00 9,000 16,6ee 5,500 54,000 22,600 7,400 31,00 13,2 71,400 Hint. The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments Ouring the year ended July 31, 2020 Required a. Prepare an income statement for the year ended July 31 2020 CROSS FITNESS