Q9 The income statement of Fezzik's Shoe Repair is as follows: FEZZIK'S SHOE REPAIR Income Statement For the Month Ended April 30, 2016 Revenue Service Revenue Expenses Salaries and Wages Expense.. Depreciation Expense Utilities Expense.. Rent Expense.. Supplies Expense.. Total Expenses Net Income......... $9,500 $4,200 350 400 600 1,050 6,600 $2,900 On April 1, the Owner's Capital account had a balance of $12,900. During April, Fezzik withdrew $3,000 cash for personal use. Instructions (a) Prepare closing entries at April 30. (b) Prepare an owner's equity statement for the month of April.