ESSAY. Write your answer in the space provided or on a separate sheet of paper. 10) On April, 2018, Sama Company started by investing $20,000. On April 3, the business borrowed $5,000 from a creditor and executed a note payable with the principal and interest to be due in one year. On April 7, the business purchased $15,000 of equipment for cash. On April 8, Sama company rendered service to its first client and earned $3,000 in cash. On April 12, Sama Company incurred repair expense of $1,800 and promised to pay the repair contractor the following month. On April 18, Sama Company rendered service to a new client in the amount of $8,000 on account, as the client promised to pay the following month. At the end of April, Sama Company took a withdrawal of $1,500. Prepare an income statement for the month of May, a statement of owner's equity for the month of April, and a balance sheet as of April 31, 2015