PROBLEMS Problem 81 (25 Pts The following are all of the accounts of flaherty Company that have a balance at the end of August. All Aocounts reoeivable... $36,0 accounts have normal balances $36,000 Cash.$27,000 Cash. $27,000 Service revenues carned 7 Rent expensc Office supplic1,500 Accounts payable 75,000 3,600 J. Flaherty, Withdrawals 24,000 ,500 Salaries axpense 30,000 22,000 J. Flaherty, Capital....58,100 a. Calculate net income by preparing simple but proper income statement (use the space below) (10 Pts.) b. Prepare the Statement of Owner's Equity to show the Ending Capital balance that should be reported on August 31* Flaherty Company's Balance Sheet. (5 Pts.)