this question has 3 parts..

This is part one and as i will need part 2 and part 3 as well

Candace Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on July 31, 2024: E: (Click the icon to view the accounts and balances.) (Click the icon to view the multi-step income statement.) Read the requirements ... Requirement 1. Prepare Candace Communications' statement of owner's equity for the year ended July 31, 2024. Assume that there were no contributions or withdrawals during the year and that the business began on August 1, 2023. (Enter a "0" for any zero balances. Include only applicable transactions during the period. Assume that the capital balance shown in the data provided represents the opening capital balance of the business for the year.) - X Candace Communications Requirements Statement of Owner's Equity Year Ended July 31, 2024 1. Prepare Candace Communications' statement of owner's equity for the year Candace, Capital, August 1, 2023 ended July 31, 2024. Assume that there were no contributions or withdrawals during the year and that the business began on August 1, 2023. 2. Prepare Candace Communications' classified balance sheet at July 31, Candace, Capital, July 31, 2024 2024. Use the report format. Data table Print Done Cash $ 4,100 Cost of Goods Sold $ 18,600 1,700 8,500 4,400 1,100 Selling Expenses Accounts Payable Candace, Capital Notes Payable, long-term Merchandise Inventory Administrative Expenses Estimated Returns Inventory Equipment, net Salaries Payable Net Sales Revenue Accounts Receivable 29,600 3,424 1,200 1,300 3,600 24 Interest Expense Refunds Payable 2,700 400 400 Sales Discounts Forfeited 800 Print Done