Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company’s records show the following selected accounts and amounts for the month of July.

Required
1. Prepare a July income statement for the business.

2. Prepare a July statement of owner’s equity. The owner’s capital account balance at July 1 was $0, and the owner invested$34,800 cash in the company on July 2.

3. Prepare a July 31 balance sheet. Hint: Use the owner’s capital account balance calculated in part 2.

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Equipment.... Salaries expense Consulting revenue Cash Utilities expense. Accounts payable... $3,900 Note receivable Rent expense Unearned revenue Accounts receivable.... V. Rivera, Withdrawals Office supplies Rental revenue Advertising expense.. Prepaid insurance. $12,000 $10,500 6,000 4,500 1,500 1,200 3,000 7,500 6,000 9,000 36,000 24,000 900 600 Note payable 7,200