1-5B - More Complex Financial Statements (Share Issuance) Accountingworkbook.com is a website that offers accounting tutorial videos for dazed and confused accounting students all over the world, many of whom stumble on to the website late at night while cramming for exams. The following account balances relate to the company's January 31, 2024 year-end financial statements: Utilities expense 1,500 Accounts payable 300 Depreciation expense 350 Common shares (February 1, 2023) 50 Income tax expense 1,150 Bank loan payable 1,000 Retained earnings (February 1, 2023) 4,000 Interest expense 200 Web server expense 1,000 Computers 2,500 Subscription revenue 7,000 Supplies 100 Advertising expense 700 Supplies expense 600 Cash 6,000 Dividends 50 Accumulated depreciation - computers 700 Interest payable 100 Notes: The company issued $1,000 of common shares during the year. There were no shares repurchased during the year. The current portion of the bank loan payable was $500. Required: a.) Prepare an income statement for the year ended January 31, 2024. b.) Prepare a statement of changes in equity for the year ended January 31, 2024. c.) Prepare a balance sheet as at January 31, 2024.