Question: need solution Ending Balances - May 31, 2021 Accounts Payable $500 Bus $35,300 Bank Loan $18,600 Capital Invested in May $20,200 Cash $8,800 Interest Expense

need solution
Ending Balances - May 31, 2021 Accounts Payable $500 Bus $35,300 Bank Loan $18,600 Capital Invested in May $20,200 Cash $8,800 Interest Expense $700 James, Capital, May 1, 2021 $0 James, Withdrawals $1,000 Maintenance Expense $800 Miscellaneous Expense $600 Prepaid Insurance $1,700 Salaries & Wages Expense $800 Service Revenue $9,700 Unearned Revenue $1,300 Utilities Expense $600 Required Using the information provided above answer the following for the Income Statement and Statement of Owner's Equity items - N 1. What is total revenue on the Income Statement? 2. What is total expenses on the Income Statement? 3. What is net income / (loss) on the Income Statement? 4. What $ amount is deducted from James, Capital, May 1, 2021 on the Statement of Owner's Equity? 5. What is the $ amount of James, Capital, May 31, 2021 (ie. Ending amount) on the Statement of Owner's Equity
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