2.2 Identify the items reported in a statement of Financial Position, Statement of Income, and Statement of Changes in Equity and prepare these financial statements from a given trial balance Advertising Buildings (net) Cash and cash equivalents Cost of sales Depreciation (Administration) Dividends paid Finance costs Gross revenue Income tax expense Insurance Interest income Inventories Land $50,000 $100,000 $5,000 $300,000 $20,000 $10,000 $10,000 $650,000 $10,000 $10,000 $15,000 $20,000 $25,000 Lease Marketable securities Mortgage Office salaries Prepaid insurance Retained earnings (Dec 31) Sales returns Sales salaries Share capital Short-term notes payable Trade and other payables Trade receivables $20,000 $5,000 $80,000 $70,000 $2,000 $40,000 $50,000 $100,000 $15,000 $10,000 $12,000 $15,000