August 1, 2014, Joseph Stiller organized a new company called X-cell Inc. On the last day of that month, the company's records showed the items listed below. Use this Formation to prepare the August income statement and statement of changes in equity as well as the balance sheet at August 31 for X-cell Inc. Account Balance a) Complete the income statement using the format provided. Accounts payable 217,000 Accounts receivable 105,000 Cash 44,500 (select one) Income Statement (select one) Consulting revenue earned 58,500 Revenues Dividends 37,000 Insurance expense 30,000 Total revenues Interest earned 39,000 Expenses Interest payable 113,500 X+ Land 141,500 Notes receivable 135,000 Rent earned 118,000 Rent expense 132,500 Share capital 79,500 Total expenses b) Complete the statement of changes in equity using the format provided. (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity c) Complete the Balance Sheet. (select one) Balance Sheet (select one) Total assets Liabilities Assets Total liabilities Equity + 2022.08.16 10:30 AM None 17:54