Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity Waterway Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $2,138 Accounts Receivable $2,142 Supplies $441 Vehicles $3,780 Equipment $2,898 Accounts Payable $882 W. Russell, Capital W. Russell, Drawings $7,308 $1,260 Service Revenue $4,662 Fuel Expense $134 Telephone Expense $59 TOTAL CARE SERVICES Income Statement Madin Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity.) TOTAL CARE SERVICES Balance Sheet Assets Liabilities and Owner's Equity %24 %$: Liabilities and Owner's Equity