Assignment Details Assignment Description From the following information, please prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet for the month of May of the current year. Cash $12,000 Accounts Receivable 16,000 Supplies 350 Equipment 16,500 Notes Payable $13,000 Accounts Payable 12,000 S. Jones, Capital 18,000 S. Jones, Drawing 550 Service Revenue 6,000 Telephone Expense 350 Rent Expense 1,100 Advertising Expense 2,150 $49,000 $49,000