Callaho Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. regarding Callaho Inc. and its activities during 2015 follow in (a) through (f): a. Assume all accounts have normal balances. b. $10,000 of the long-term notes payable will be paid during 2016. c. Equipment was sold for cash of $33,400. d. Old machinery was sold for cash of $20,000. New machinery was purchased for $33,000 cash. e. Share capital was issued for cash. f. Cash dividends were declared and paid. Using the information provided, prepare a statement of changes in equity, a classified balance sheet, and a statement of cash flows (using the indirect method) for the year ended December 31, 2015. (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity .......... (select one) Balance Sheet (select one) 7 Callaho Inc. Adjusted Trial Balance December 31 Account 2015 2014 Accounts Payable 68,630 76,000 Accounts Receivable 96,500 96,000 Accumulated Depreciation, Equipment 2,300 93,500 Accumulated Depreciation, Machinery. 6,000 84,000 Allowance for Doubtful Accounts........ 10.500 16,000 Depreciation Expense, Equipment....... 12,900 12,900 Depreciation Expense, Machinery... 9,500 9,500 Cash 326.810 270,000 Cash Dividends 28,000 28,000 Equipment 13,900 149,000 Machinery........ 58,500 135,000 Merchandise Inventory.... 20.860 18,500 Long-term Notes Payable............ 63,590 83,000 Other Expenses (including losses)...... 520,000 35,000 Retained earnings 50,000 42,000 Revenues (including gains)............ 565,400 93,400 Share capital 265,000 220,000 Unearned Revenue --- 55,550 46,000 7 ttttt 7 7 7 (select one) Statement of Cash Flows (select one) + ++ + 77 +