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: 300 1,500 350 50 1,150 1,000 4,000 200 Utilities expense Depreciation expense Income tax expense Retained earnings (February 1, 2023) Web server expense Subscription revenue Advertising expense Cash Accumulated depreciation - computers 1,000 7,000 Accounts payable Common shares (February 1, 2023) Bank loan payable Interest expense Computers Supplies Supplies expense Dividends Interest payable 2,500 100 600 700 6,000 700 50 100 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. d.) Based on your financial statements, compute: i. The current ratio ii. The debt ratio iii. The equity ratio