6.29 A list of account balances for Mr Zhengs business (Futronics PTY LTD) at the end of the 30 June 2015 reporting period is shown below. Produce the Income Statement and Statement of Changes in Equity for the reporting period.

Accounts	Amounts $
Depreciation Expense	20 650
Insurance Expense	2 100
Rent Expense	29 500
Rent Revenue	14 000
Retained Earnings (1 July 2014)	16 000
Salaries Expense	114 300
Service Revenue	178 000
Share Capital (1 July 2014)	75 000
Supplies Expense	17 500

Income Statement:

Statement of Changes in Equity: