1) Shown below are account balances for Kyle Inc. at the end of its accounting period, December 31, 20x9. Debit Credit Cash $3,200 Accounts receivable 6,800 Inventory 9,500 Prepaid expenses 1,600 Building 125,000 Accumulated amortization building $2,500 Accounts payable 16,900 Taxes payable 3,200 Common shares (10,000 outstanding) 5,000 Retained earnings 67,890 Dividends declared 3,500 Sales revenue 185,000 Cost of goods sold 92,000 Wages expense 35,800 Supplies expense 1,000 Amortization expense 1,250 Insurance expense 840 No new shares were issued in 20X9 Required: a. Prepare a Statement of Income for the year ended December 31, 20X9 in good form. b. Prepare a Statement of Changes in Equity for the year ended December 31, 20X9 c. Prepare closing entries c. Prepare a Statement of Financial Position at December 31, 20X9 in good form