Problem $5\mathrm{.}3$A $($Statlc$)$ Preparing financlal statements from the worksheet. LO $5-4$

operations, oppears below.

Requined:

Prepare an income statement.

$2$ Prepore o stotement of owner's equity. The owner mode no soditional investments during the month

Prepare a biance sheet

Analyze:

If the adjustment to Prepaid Advertising has been $$3,400$ instead of $$1,700,$ what net income would have resulted?

Complete this question try emtering your analwers in the talis below.

Requinad it

Prapare an lncinne shatement.