ABC Inc. began operations on May 1, 2013. Its adjusted account balances at April 30, 2014 are shown below. Use this information to prepare the following: Income statement for the year ended April 30. Statement of changes in equity for the year ended April 30. Classified balance sheet at April 30. one) Income Statement (select one) X X X X X X + Account Accounts payable Accounts receivable Accumulated depreciation, machinery Accumulated depreciation, trucks Advertising expense Advertising payable Cash Commissions earned Consulting revenue earned Depreciation expense, machinery Depreciation expense, trucks Dividends Insurance expense Interest earned Interest expense Interest payable Interest receivable Land Long-term notes payable Long-term investment in shares Machinery Mortgage Payable (due April, 2023) Patents Prepaid insurance Rent earned Salaries expense Balance 7,480 8,700 1,190 1,180 3,220 1,710 3,870 8,170 6,570 1,190 1,180 1,060 1,780 2,100 3,160 1,720 1,890 8,990 13,430 4,810 10,580 13,490 7,070 2,530 11,730 7,100 5.920 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X X Depreciation expense, machinery Depreciation expense, trucks Dividends Insurance expense Interest earned Interest expense Interest payable Interest receivable Land Long-term notes payable Long-term investment in shares Machinery Mortgage Payable (due April, 2023) Patents Prepaid insurance Rent earned Salaries expense Salaries payable Share capital Trademark Trucks 1,190 1,180 1,060 1.780 2,100 3.160 1,720 1,890 8,990 13,430 4,810 10,580 13,490 7,070 2,530 11,730 7,100 5,920 5,760 5,730 7,590 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X (select one) Balance Sheet (select one) X | XI X + X + XXI SUBMIT AND MARK Time Remaining: 33:45