assume a copy center ended the month of july 20x6 with these data

Payments of cash:

Acquisitions of equipment = 420,000

Divedends = 4,800

Retained earnings June 30, 20X6 = 0

Retained Earnings july 31, 20X6 = ?

Utilities expense = 10,000

Adjustments to reconcile net income to net cash provided by operations = 2,200

Salary Expense = 167,000

Cash Balance june 30, 20X6 = 0

Cash Balance july 31, 20X6 = 10,900

Cash receipts:

Issuance of shares to owners = 69,500

Rent expense = 2,200

Share capital = 69,500

Equipment = 420,000

Office supplies = 14,800

Accounts payable = 17,000

Service revenue = 43,200

Requirements:

a) income statement

b) statements of changes in equity

c) balance sheet