(Solved): Required: Determine the balance for Ping Chung, Capital, Aprii 1, 20X1. Prepare an income statement ...

Required: Determine the balance for Ping Chung, Capital, Aprii 1, 20X1. Prepare an income statement and a statement of owner's month ended April \( 30,20 \times 1 \), and a balance sheet for April \( 30,20 \times 1 \). Complete this question by entering your answers in the tabs below. What netchange in owner's equity occurred during-the month of Apri? tDecreases in equity should be ind cated by a minus sign.)