1 Max's Gyms is an indoor play area for children. (10 points each) The following account balances relate to the company's December 31, 2024 month end financial statements: Retained Earnings $118,090 Admission 25,000 Revenue Cash 14,000 Mortgage payable 178,000 Accounts payable 5,000 Building 225,000 Wages payable 2,000 Wages Expense 6,000 Repairs expense 1,500 Insurance 3,000 Expense Accounts receivable Dividends 200 Depreciation Exp 2,600 500 Common Shares 10 Equipment Utilities Expense 75,000 300 Prepare an income statement for the month ended December 31, 2024 Prepare a statement of changes in equity for the month ended December 31, 2024. Prepare a balance sheet as of December 31, 2024