Accounting ANSWER ASAP PLS

Financial Statements (16 marks, 32 minutes) The account balances presented below are from the fnancial records of Big Red Dot Inc. as a April 30, 2021. The accounts are presented in alphabetical order and the balance in the accounts are normal balances Account Balance Accounts payable $18.950 Accounts receivable $15.575 Accumulated depreciation - Equipment Accumulated depreciation - Vehicles $43.000 $49,120 Cash $16,510 Common shares $25,000 Cost of Goods Sold $80,180 Deferred revenue $5.500 Depreciation expense Dividends declared $23.750 Equipment $55,000 $130.000 Income tax expense Interest expense $12,500 $1,300 Insurance expense $7,600 Interest revenue $2.200 Mortgage payable (see additional information below) Retained eamings, May 1, 2020 Revenue $55,000 $65,965 $220,130 Salaries expensa $35.000 $8.450 Supplies Vehicles $100.000 Additional information: $8,000 of the mortgage payable is due to be repaid within the next year Required: A Prepare a multi-step Statement of income (7 marks) 8. Calculate the balance styear end in retained earnings at April 30, 2021. Clearly show your calculation. (2.5 marks) c. Prepare the set section of the classified Statement of Financial Position at year and 16,5 marks) TTT Aral 3 (17) THE-E- Path:p Moving to the next question prevents changes to this