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.

b) calculate the balance at year end in retained earning at april 30, 2021. clearly show your calculation.

c) prepare the asset section of the classified statement of financial position at year end.

The account balance presented below are from the financial records of Big Red Doting as al Apr 30, 2021. The accounts are presented in phabetical order and the balances in the accounts are normal balances Account Balance Accounts payable $18.950 Accounts receivable 515 575 $43,000 Accumulated depreciation - Equipment Accumulated depreciation - Vehicles $49,120 $16.510 Common shares Cost of Goods Sold $25,000 $80,180 $6,500 Deferred revenue $23.750 $55,000 Depreciation expense Dividends declared Equipment 5130.000 $12 500 Income tax expense $1,300 Interest expense $7,600 $2,200 Insurance expense Interest revenue Mortgage payable (se additional information below) Retained samings: May 1, 2020 $55,000 565,965 $220,130 Ravehus $35,000 sanes expense $8.450 Supplies $100,000 Veidas