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Below is the adjusted trial balance of Simranjit Kaur Cubic Storage at December 31,2021 : Use the Adjusted Trial Balance to answer the following questions.
Below is the adjusted trial balance of Simranjit Kaur Cubic Storage at December 31,2021 : Use the Adjusted Trial Balance to answer the following questions. a) Prepare an income statement for the year ended December 31, 2021. (8 Marks) b) Prepare a statement of changes in equity for the year ended December 31, 2021. Simranjit Kaur's capital account balance of $30,520 consists of a $20,520 balance on January 1, 2021, plus an additional $10,000 investment during 2021. (10 Marks) c) Prepare a balance sheet at December 31, 2021
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