In this exercise, you will create a monthly income statement, statement of owner's equity, and balance sheet in Excel for Pro Painting Inc. With the exception of the Giovanni Keith, Capital account (the balance for which is from 1/1/2016), the company had the following account balances as of 1/31/2016. $600 $950 $3,100Rent Revenue $350 Maintenance Expense $800 $450 $800 Accounts Receivable Auto Expense Cash Delivery Expense Giovanni Keith, Capital 1/1/2016 S5,050 Supplies Giovanni Keith, Drawing Insurance Expense 1. Open a Blank Workbook and save the file in your Chapter 02 folder as: Notes Payable Service Revenue $3,600 $700 $500 Tools $1,100 $1,800 EA2-R1-FinancialStatements- [YourNamel 2. If necessary, use the New Sheet button to add worksheet tabs for a total of three. 3. Follow these steps to rename the tabs: .Double-click the first worksheet tab and type: Income Statement . Right-click the second worksheet tab, choose Rename, and type