QQuestion Number One The asset and liability of KB mobile center on october 1 of the current year are as follows: cash, $1,000; accounts - recivable, $2,200; supplies, $850; land, $ 11, 450; account. payable, $2, 030, KB mobile center is a sole proprietorship owned and operated by Mr. Kibrom. In addition, business transactions during october are summerifed as follows: ( a) Recived cash from customers for mobile sales, $ 4, 928. (b ) paid creditors on account, $1,755. ( c) Recived cash from Mr. Kibrow as an additional Prvestment $3, 70 0 ( d ) paid sent for the month, $1, 200. ce) charged customers for mobile sale on account, $1, 025. (f) purchased supplies on account, $245. (g) Recived cash from customers on account, $ 2,000. (w) Recived monthly invoice for the business expenses for crober c to be payed on November 10 ). $ 1, 635. (2) paid the following; wake expense, $850; truck expense, $250; utility expense, $325; miscellaneous expense, $75. ( j) Determined the cost of supplies used during the month, $ 115. Required : 2) Determined the amount of owner's equity ( KB, capital ) as of october of the current year? 6) state the assets, liability and owners equity as of october in an accounting equation? () prepare income statement, statement of owners equity and balance sheet of october 31