What is accounting and what are the concepts that underlie it? Answer Section 2 Accounting Applications What are three financial statements that keep-Fit Center will need to present in a way that is useful to Mullin and to the bank? To answer this question, use the financial statement items and amounts listed below from the records of Keep-Fit Center for the year ended April 30, 2014, the company's first year of operations, and prepare the following: income statement statement of owner's equity . balance sheet For examples of the statements, refer to Exhibit 10. Accounts payable $ 19,000 Accounts receivable 104,000 Cash 111,000 Equipment 47,000 Fees revenue 375,000 Investment by J. Mullin 100,000 Marketing expense 18,000 Salaries expense 172,000 Salaries payable 78,000 Rent expense 91,000 Supplies 2,000 Supplies expense 6,000 Utilities expense 11,000 Withdrawals 10.000