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Current Attempt in Progress Bonita Russell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations: Cash $1,356 $1,360 Accounts Receivable Supplies $ 280 Vehicles $ 2,400 $ 1.840 $ 560 $ 4,640 Equipment Accounts Payable B. Russell, Capital B. Russell, Drawings Service Revenue Fuel Expense Telephone Expense $800 $ 2,960 $88 $36 (a) Your Answer Correct Answer (Used) Your answer is partially correct. Prepare the income statement for Total Care Services. TOTAL CARE SERVICES Income Statement Month Ended May 31, 2021 Revenues Service Revenue $ 2960 Expenses Fuel Expense 88 i Telephone Expense. 361 Total Expenses -124 Drawings $ 2836 e Textbook and Media (b) Your Answer Correct Answer (Used) Prepare the owner's equity statement for Total Care Services. (List items that increase owner's equity first.) TOTAL CARE SERVICES Statement of Owner's Equity Month Ended May 31, 2021 : B. Russell, Capital, May 1, 2021 $ Add : Profit/(Loss) 2.836 Investments 4/640 7476 Less : Drawings -800 i B. Russell, Capital, May 31, 2021 6,676 Prepare the balance sheet for Total Care Services. (List Assets in order of liquidity) TOTAL CARE SERVICES Balance Sheet Assets Cash Accounts Receivable Liabilities and Owner's Equity