The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2014. The new bookkeeper alphabetized the accounts.

The notes payable plus interest are due in 18 months.
Required
Prepare an income statement and a statement of changes in equity for the year ended September 30, 2014, plus a September 30, 2014, classified balance sheet. The owner made no investments during the year.
Analysis Component:
Alisha wants to buy a new car for the business. As her bank manager, what do you advice?