= Homework: Chapter 5 Assignment Question 15, $5-11 (similar to) Part 1 of 3 HW Score: 49%, 28.42 of 58 points O Points: 0 of 5 Save 2018: Carmella Communications reported the following figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on July 31, (Click the icon to view the accounts and balances.) (Click the icon to view the multi-step income statement.) Read the requirements. Requirement 1. Prepare Carmella Communications's statement of owner's equity for the year ended July 31, 2018. Assume that there were no contributions or withdrawals during th year. (Enter a "0" for any zero balances. Include only applicable transactions during the period.) Carmella Communications Statement of Owner's Equity Year Ended July 31, 2018 Carmella, Capital, August 1, 2017 Carmella, Capital, July 31, 2018 ata table ference Teal Lucu July 21, 2010 Net Sales Revenue $ 28,800 19,800 Cash $ 3,200 Cost of Goods Sold $ 19,800 Cost of Goods Sold Selling Expenses 1,300 Equipment, net 12,000 Accounts Payable 4,500 Accrued Liabilities 1,600 Gross Profit Operating Expenses: 9,000 Carmella, Capital 7,155 Net Sales Revenue 28,800 Selling Expenses S 1,300 Notes Payable, long-term 900 Accounts Receivable 3,000 2,800 Administrative Expenses Merchandise Inventory Administrative Expenses 800 Interest Expense 55 4,100 Total Operating Expenses 2.800 Operating Income 4,900 Other Income and (Expenses) Interest Expense (55) Print Done Total Other Income and (Expenses) (55) $ 4,845 Net Income (Loss) Carmella, Capital, July 31, 2018