The financial statements for Baker Custom Catering for the month of April are presented below.

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Baker Custom Catering Income Statement Revenue: Professional Fees $12,000 Expenses: Salary Expense Rent Expense Utilities Expense Miscellaneous Expense $ 800 1.200 360 80 Total Expenses Net Income $ 9,560 Statement of Owner's Equity L. Baker, Capital, April 1, 20- Investments during April Net Income for April Subtotal Less Withdrawals for April Increase in Capital L Baker, Capital, April 30, 20 $ (e) $14.560 1,000 $13,560 Baker Custom Catering Balance Sheet Assets Cash Accounts Receivable Office Equipment Office Furniture Total Assets $8,000 800 4,000 2,000 $ (0) Liabilities Accounts Payable $ 1.240 Owner's Equity L. Baker, Capital Total Liabilities and Owner's Equity 0) s (k)