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Question 4 (22 points) Saved Shawn Rockwell owns Rockwell Care Services. The following is a list of the accounts and their balances on May 31,

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Question 4 (22 points) Saved Shawn Rockwell owns Rockwell Care Services. The following is a list of the accounts and their balances on May 31, 2017, in alphabetical order. This is the first month of operations for this business. Accounts Payable $ 950 Accounts Receivable $ 2,600 Cash $ 2,540 Equipment $ 2,800 Fuel Expense $ 80 S. Rockwell, Investments $ 6,300 S. Russel Withdrawals $ 700 Service Revenue $ 4,420 Supplies $ 300 Telephone Expense $ 50 Utilities Expense $ 100 Vehicles $ 2,600 Required: Prepare the following financial statements for the month ended May 31, 2017. (Complete the templates provided.) 1. Income Statement [6 marks] 2. Statement of Owner's Equity [6 marks] 3. Balance Sheet (10 marks]

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