The following account balances are for Ping Chung, Certified Public Accountant, as of April 30, 20X1. Cash Accounts receivable $120,000 48,000 Maintenance expense 21,400 Advertising expense 17,060 Fees earned 125,200 Ping Chung, Capital, April 1 ? Salaries expense 59,500 Machinery 91,500 Accounts payable 52,800 Ping Chung, withdrawals for April 31,700 Required: Determine the balance for Ping Chung, Capital, April 1, 20X1. Prepare an income statement and a statement of owner's equity for the month ended April 30, 20X1, and a balance sheet for April 30, 20X1. Complete this question by entering your answers in the tabs below. | Ping Chung Income Stmt of Capital Statement Owners Eqty Balance Sheet Analyze Determine the balance for Ping Chung, Capital, April 1, 20X1. Ping Chung, Capital, April 1, 20X1 < Ping Chung Capital Income Statement > Complete this question by entering your answers in the tabs below. Ping Chung Income Capital Stmt of Statement Owners Eqty Balance Sheet Analyze Prepare an income statement for the month of April 30, 20X1. PING CHUNG, CERTIFIED PUBLIC ACCOUNTANT Income Statement Month Ended April 30, 20X1 Revenue Expenses Total expenses < Ping Chung Capital $ 0 $ 0 Stmt of Owners Eqty > Complete this question by entering your answers in the tabs below. Ping Chung Income Capital Stmt of Statement Owners Eqty Balance Sheet Analyze Prepare a statement of owner's equity for the month of April 30, 20X1. PING CHUNG, CERTIFIED PUBLIC ACCOUNTANT Statement of Owner's Equity Month Ended April 30, 20X1 < Income Statement S 0 $ 0 Balance Sheet > Complete this question by entering your answers in the tabs below. Ping Chung Income Capital Stmt of Statement Owners Eqty Balance Sheet Analyze Prepare a balance sheet for Ping Chung, Certified Public Accountant, as of April 30, 20X1. PING CHUNG, CERTIFIED PUBLIC ACCOUNTANT Balance Sheet April 30, 20X1 Assets Liabilities Owner's Equity Total Assets $ 0 Total Liabilities and Owner's Equity $ < Stmt of Owners Eqty Analyze > Complete this question by entering your answers in the tabs below. Ping Chung Income Capital Stmt of Statement Owners Eqty Balance Sheet Analyze What net change in owner's equity occurred during the month of April? (Decreases in equity should be indicated by a minus sign.) Net change in owner's equity < Balance Sheet Analyze >