Ms. I. C. Fish started a kayaking and canoeing lessons business in Brighton on July 1, 2021. He invested $50,000 in cash and gave the business a used van he owned, valued at $45,000, to make deliveries and other business activities as required. On July 5th , Ms. Fish went to the TD Bank and secured a $50,000 loan to be used in operating the business. July 6th the business purchased 8 kayaks and 8 canoes at total cost of $16,000 on credit terms of 2/10 N45. On July 7th the business gave 10 kayaking lessons and received cash payments. Kayaking lessons are $200 each and canoe lessons are $150 each. On July 8th the business hired an instructor to help with lessons, salary of $925 per week. July 10th, the business provided 10 kayak lessons, with customers paying August 10th, and 20 canoe lessons with cash payments. Office supplies of $325, for use in July, were purchased from Staples on July 12th, paying cash. Bell Canada came on July 12th and connected the internet service charging $400, which will be paid in August. More lessons were given July 15th,, 20 kayaking and 30 canoe. One half of the kayaking lessons were on 30 day payment terms the rest of the lessons were for cash. Rent for your facility is $3,500 which you paid Julys on the 15th of the month. On July 31st you paid your instructor, with cash, his salary for July. You had withdrawals of $1,250 for July recorded at the end of the month. 1. Prepare a Chart of Accounts for your business. 2. Record all journal entries for July 3. Prepare a Trial Balance for July 31st 4. Prepare an Income Statement for July 2021 5. Prepare a Balance Sheet for July 2021