QUESTION 3 The Sample Cafe nearly broke even in the first month of business. Below is a simplified income statement for January along with some notes regarding specific transactions. Sample Cafe Income Statement Summary Month Ended January 31, 20xx Item Value Note Revenue $31,400 Includes $1,400 for a special event that has been invoiced, but not yet paid. Cost of Goods Sold $3,800 Includes $2,200 of cups used from inventory plus $1,600 of coffee beans. An additional $400 of large cups were purchased and delivered during the week but not yet paid for. Total Expenses $28,000 Includes equipment depreciation of $200. Net Income $-400 n/a In in the previous question, you built Sample Cafe's balance sheet for December 31. For this question, update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operations. In in the previous question, you built Sample Cafe's balance sheet for December 31. For this question, update the Sample Cafe balance sheet for January 31 using the template below to reflect the month of operations. Cash Asset Account Accounts Receivable Inventory Furniture & Equipment Accumulated Depreciation* Deposit Total Assets Value * Input Accumulated Depreciation as a negative value. Liability/Equity Account Accounts Payable $ 0 Long-Term Liabilities $ 0 Total Liabilities n/a $ 0 n/a Paid-in Capital $ 0 Retained Earnings $ 0 Total Liabilities & Equity $ 0 Value