1-4A - More Complex Financial Statements Industrial Relations Ltd. offers mediation services for unionized companies. When there is a contract dispute between a union and company management, often the two sides require an outside consultant to assist in the negotiations - Industrial Relations Ltd. fills this role. The following account balances relate to the company's June 30, 2024 year-end financial statements: Travel expense $6,000 $12,000 35,000 7,000 34,900 Retained earnings (July 1, 2023) Accumulated depreciation - equipment 1,500 Accumulated depreciation - buildings Wages expense Equipment Supplies Depreciation expense Consulting revenue Buildings 500 Supplies expense 3,500 2,500 Interest expense 3,000 100 88,000 Common shares (July 1, 2023) 125,000 60,000 Mortgage payable Accounts receivable Cash 3,000 1,000 Dividends 6,000 5,000 Notes payable Accounts payable 11,000 Income tax expense 2,000 Notes: There were no common shares issued or repurchased during the year. The current portion of the mortgage payable was $8,000. . Required: a.) Prepare an income statement for the year ended June 30, 2024. b.) Prepare a statement of changes in equity for the year ended June 30, 2024. c.) Prepare a balance sheet as at June 30, 2024. d.) Based on your financial statements, compute: i. The current ratio ii. The debt ratio iii. The equity ratio