QUESTION 3 The Sample Cate nearly broke even in the fast month of business. Below is a simplified income statement for January along with some notes regarding specific transactions Sample Cafe Income Statement Summary Month Ended January 31, 20xx Note Item Value Revenue $20.000 Includes $1.100 for a special event that has been invoiced, but not yet paid Cost of Good Sold 53.400 indudes $1.900 of cups Used from inventory plus 51.500 of coffee beans. An additional $500 of large cups were parchased and delivered during the week but not yet paid for Total Expenses 525.000 Indudes equipment depreciation of $200 Net income 5-400 Update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operation Value Asset Account Value Liability/Equity Account 500 4 Accounts Payable Cash 0 Accounts Recevable 900 Long-Term Liabiti do so Total liabile intory 5. va uma foment 3 Accumulated Deprecation $200 Paid in Capital 3 montained Torning 500 Depout Total about TA