Andrew Martin started Zcom Inc. early this year. For the first few months of the company's life (through July) the accounting records were maintained by an outside bookkeeping service. According to those records, the share capital balance was $56,500 as of July 31. To save on expenses Andrew decided to keep the records himself. He managed to record August's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow. Zcom Inc Income Statement For Month Ended August 31, 2014 Revenues Issuance of shares 27,000 Commissions Eamed 104,500 Accounts Payable 49,000 Interest Earned 10,000 sheet and income statement follow. Zcom Inc. Income Statement For Month Ended August 31, 2014 Revenues Issuance of shares 27,000 Commissions Earned 104,500 Accounts Payable 49,000 Interest Earned 10,000 Total revenues Expenses Retained Earnings 59,500 Building 305,000 Utilities Expense 58,000 Total expenses Net loss 190,500 422,500 232,000 Zcom Inc. Balance Sheet Assets Prepaid Insurance Supplies Interest Expense Short-Term Notes Payable Zoom Inc. Balance Sheet August 31, 2014 Liabilities 65,500 Rent Earned 69,000 Unearned Revenue 33,500 Interest Payable 42,500 Total liabilities 119,500 30,500 32,000 182,000 Equity Share Capital 210,500 Total liabilities and equity Total assets 28,500 210,500 Using the information contained in the original financial statements, prepare revised statements, including a statement of changes in equity, for the month of August. Zcom Inc. Using the information contained in the original financial statements, prepare revised statements, including a statement of changes in equity, for the month of August. Zcom Inc. Income Statement (select one) Commissions eamed (select one) Statement of Changes in Equity (select one) (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earings Equity (select one) Balance Sheet (select one)