Response to the following problem:
Betty Brody is the owner of the City-Wide Tax Service. For the ycar ended April 30. 200-, this service business had the following informarion;
Cash, $12,500; Accounts Receivable, $3,700; Office Furniture and Fixtures, $11,300; Office Machines and Computers, $15,000; Automobile, $9,500; Accounts Payable, $1,700; Betty Brody, Capital, $32,000; Betty Brody, Drawing, $18,600; Revenue from Income Tax Preparation, $21,300; Revenue from Monthly Clients, $43,800; Salaries Expense, $ 12,500; Advertising Expense, 5900; Rent Expense, 56,000; Automobile Expense, 51,300; General Office Expenses, $7,500.
Prepare the City-Wide Tax Service's income statement, statement of capital fund balance sheet for the year ended April 30, 200-.