QUESTION 2 In early December Alice and Bob decided to open Sample Cate with $16,000 of their own money and $19,000 borrowed from a friend. They have spent $13,000 on equipment and furniture, and they have purchased $3,000 worth of cups for cash which they expect will be used over the next three months. Having put down a $2,300 deponit for a location on Main St, they will pay the first month's rent when they open their doors on January 1. In the balance sheet template below, fill in the appropriate values as of December 31 Asset Account Value Liability/Equity Account Value Cash Accounts Payable Accounts Receivable Long Term Liabili . Inventory $ Total Liabilities $0 Furniture & Equipment 0 wa Accumulated Depreciation a - Paiden Capital 5p Deposit SO IVA Total Assets 0 Total Liabilities & Equity SO Input Accumulated Depreciation is a negative value Sample Cafe Income Statement Summary Month Ended January 31, 20xx Item Value Note Revenue $29.000 Includes $1.200 for a special event that has been involved, but not yet paid Includes $2,000 of cups Used from inventory plus $1,400 of coffee beans. An additional $500 of large cups were purchased and delivered during the week but not yet paid foc Cost of Goods Sold $3,400 Total Expenses $26.000 Includes equipment depreciation of $300 Net Income S-400 wa Update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operations. Asset Account Value Liability/Equity Account Value Cash Accounts Payable 0 Accounts Receivable Long-Term Liabilities $0 Inventory $a Total Liabilities $0 Furniture & Equipment SO wa na Accumulated Depreciation" SO Paid-in Capital Deposit Retained Eaming Total Assets TO Limbities & Equity