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Prepare the income statement capital statement statement of

A sole proprietorship was started on January 1, 2014, when it received $30,000 cash from Alex Ard, the owner. During 2014, the company earned $50,000 in cash revenues and paid $22,300 in cash expenses. Ard withdrew $10,000 cash from the business during 2014.

Prepare the income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Ard's 2014 fiscal year.

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Cost Accounting: Prepare the income statement capital statement statement of

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