hi can any of u help me with an income statement that i have to prepare of Grant's Lawn Service for the four months May through August for this situation: Aaron Grant formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Aaron rented lawn equipment, purchased supplies, and hired other students to mow and trim customers' lawns. At the end of each month, Aaron mailed bills to his customers. On August 31, he was ready to dissolve the business and return to Blue Mountain Community College. Because he was so busy, he kepy few records other than his checkbook and a list of receivables from customers. At August 31, Aaron's checkbook shows a balance of $2,000, and his customers still owe him $500. During the summer, he collected $5,500 from customers. His checkbook lists payments for supplies totaling $400, and he still has gasoline, weedeater cord, and other supplies that cost a total of $50. He paid his employees $1,800, and he still owes them $300 for the final week of the summer. Aaron rented some equipment from Ludwig's Machine Shop. On May 1, he signed a six-month lease on mowers and paid $600 for the full lease period. Ludwig's will refund the unused portion of the prepayment if the equipment is in good shape. In order to get the refund, Aaron has kept the mowers in excellent condition. In fact, he had to pay $300 to repair a mower. To transport employees and equipment to jobs, Aaron used a trailer that he bought for $300. He figures that the summer's work used up one-third of the trailer's service potential. The business checkbook lists a payment of $500 for cash withdrawls by Aaron during the summer. Aaron paid his father back during August. please help if u know how i am confused on how to prepare an income statement for this. thank you!!