Using these ledger accounts, prepare a: [26 Points) 1. Income Statement [8] 2. Statement of Owner's Equity (6) 3. Balance Sheet (12) Cash $7,000 Toy Revenue $3,000 Game Revenue $5,000 COGS $2,000 Purchase Returns $500 Notes Payable $3,000 Operating Expenses $800 Accounts Payable $500 Unearned Revenue $1,500 Merchandise Inventory $1,400 Owners Capital $8,000 Accumulative Sales Amortization Discount $700 1,000 Accounts Vehicle Receivable $8,000 $2,000 IBO WBO $1,000 $200 Salary Payable $200 Using these ledger accounts, prepare a: [26 Points) 1. Income Statement [8] 2. Statement of Owner's Equity (6) 3. Balance Sheet (12) Cash $7,000 Toy Revenue $3,000 Game Revenue $5,000 COGS $2,000 Purchase Returns $500 Notes Payable $3,000 Operating Expenses $800 Accounts Payable $500 Unearned Revenue $1,500 Merchandise Inventory $1,400 Owners Capital $8,000 Accumulative Sales Amortization Discount $700 1,000 Accounts Vehicle Receivable $8,000 $2,000 IBO WBO $1,000 $200 Salary Payable $200