On July 1, 2022, Smelly Cat Fitness entered its second year of operations. Smelly Cat Fitness...

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On July 1, 2022, Smelly Cat Fitness entered its second year of operations. Smelly Cat Fitness provides high- performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31, 2023, Rachel Green, the owner, finalized the company's records, which showed the following items. Accounts payable $ 11,700 Accounts receivable 65,000 Rachel Green, capital, July 31, 2022* 81,600 Rachel Green, withdrawals 57,500 Cash 7,900 Furniture 15,500 Interest expense 4,400 Notes payable 43,000 Workout equipment 21,500 Prepaid rent 6,300 Rent expense 25,500 Personal training revenue 7,100 Group training revenue 165,500 Supplies 4,700 Supplies expense 18,200 Utilities expense 12,100 Wages expense 70,300 165000 + 1100 17813 Required: Prepare an income statement, a statement of changes in equity and a balance sheet in good form at July 31, 2023 for Pivot Fitness. On July 1, 2022, Smelly Cat Fitness entered its second year of operations. Smelly Cat Fitness provides high- performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31, 2023, Rachel Green, the owner, finalized the company's records, which showed the following items. Accounts payable $ 11,700 Accounts receivable 65,000 Rachel Green, capital, July 31, 2022* 81,600 Rachel Green, withdrawals 57,500 Cash 7,900 Furniture 15,500 Interest expense 4,400 Notes payable 43,000 Workout equipment 21,500 Prepaid rent 6,300 Rent expense 25,500 Personal training revenue 7,100 Group training revenue 165,500 Supplies 4,700 Supplies expense 18,200 Utilities expense 12,100 Wages expense 70,300 165000 + 1100 17813 Required: Prepare an income statement, a statement of changes in equity and a balance sheet in good form at July 31, 2023 for Pivot Fitness.