Question: Problem 2-7A (Static) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 Angela Lopez owns and manages a consulting firm called

Problem 2-7A (Static) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December. Required: 1. Prepare a December income statement for the business. 2. Prepare a December statement of owner's equity. The A. Lopez, Capital account balance at December 1 was $0, and the owner invested $11,600 cash in the company on December 2. 3. Prepare a December 31 balance sheet. Hint: Use the A. Lopez, Capital account balance calculated in part 2

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