The account balances and the inventories on February 28 of the current year. the end of a fiscal period of one month, for E. R. Caldwell, the owner of Caldwell Furniture, are shown below. Balances Acct. Account Titles No. Debit Credit Cash..... . 11 5.448. 10 Accounts Receivable...... .. 12 3,294.27 Merchandise Inventory........ .. . ..... 13 20.632. 76 Supplies. . 14 280.00 Prepaid Insurance. . . . 15 353.00 Accounts Payable ...neil. 21 4,017.00 E. R. Caldwell. Capital.. ..attire 31 23,684.73 E. R. Caldwell, Drawing. ...... ... 32 600,00 Income and Expense Summary ......... 33 Sales. . . . . . 41 7,839. 45 Purchases.... 51 3,739.47 Delivery Expense..... . . 61 271.38 Insurance Expense... 62 Miscellaneous Expense...... 63 160.20 Rent Expense . .. . 64 275.00 Supplies Expense........ 65 Wages Expense.... 66 487.00 Inventories, February 28 Merchandise inventory...... $17.630.00 Supplies inventory ......... $ 160.00 Value of insurance policies. . $ 285.00 Instructions: 1. Prepare an eight-column work sheet similar to the one illustrated on page 318. 2. From the Income Statement columns of the work sheet, prepare an income statement 3. From the Balance Sheet columns of the work sheet, prepare a capital state- Mr. Caldwell made an addi- tional investment of $2,500.00 on February 15 of the current year