Seth Feye established Reliance Financial Services on July 1, 20Y2, as a proprietorship. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow:

Assets= Liabilities+ Owner's EquityAccountsAccountsSeth Feye,Seth Feye,FeesSalariesRentAutoSuppliesMisc.Cash+ Receivable+ Supplies= Payable+ Capital- Drawing+ Earned- Expense- Expense- Expense- Expense- Expensea.+52,000+52,000b.+6,200+6,200Bal.52,0006,2006,20052,000c.-3,400-3,400Bal.48,6006,2002,80052,000d.+106,000+106,000Bal.154,6006,2002,80052,000106,000e.-33,600-33,600Bal.121,0006,2002,80052,000106,000-33,600f.-21,300-14,400-6,900Bal.99,7006,2002,80052,000106,000-33,600-14,400-6,900g.-60,000-60,000Bal.39,7006,2002,80052,000106,000-60,000-33,600-14,400-6,900h.-3,800-3,800Bal.39,7002,4002,80052,000106,000-60,000-33,600-14,400-3,800-6,900i.+50,600+50,600Bal.39,70050,6002,4002,80052,000156,600-60,000-33,600-14,400-3,800-6,900j.-10,000-10,000Bal.29,70050,6002,4002,80052,000-10,000156,600-60,000-33,600-14,400-3,800-6,900Required:Prepare an income statementfor the month ended July 31, 20Y2.Prepare a statement of owner's equity for the month ended July 31, 20Y2.Prepare a balance sheetas of July 31, 20Y2.Prepare a statement of cash flowsfor the month ending July 31, 20Y2.