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The Curtis Company was started on January 1, Year 1 as a sole proprietorship. The...

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The Curtis Company was started on January 1, Year 1 as a sole proprietorship. The initial investment from Charlotte Curtis, the owner, was $87,000. During Year 1 , the business earned $63,000 in cash revenue and paid $45,000 in cash expenses. Ms. Curtis withdrew $8,500 for her personal use. Required: Using the above information, prepare an income statement, a capital statement, and a balance sheet for the Curtis Company. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1. Required: Using the above information, prepare an income statement, a capital statement, and a balance sheet for the Curtis Company. Complete this question by entering your answers in the tabs below. Prepare a capital statement (statement of changes in equity) for Year 1. Note: Amounts to be deducted should be indicated with a minus sign. Jing the above information, prepare an income statement, a capital statement, and a balance sheet for the Curtis Company. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 1

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