1. Carla Vista Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage payable $84,900 Prepaid Insurance $1,600 Short term investments $1,900 Common Shares $12,000 Cash $11,200 Advertising $48,100 Accounts Receivable $19,600 Sales Revenue $603,300 Accounts Payable $12,500 Buildings (Net) $102,000 Cost of Goods Sold $301,000 Note Payable (due in 9months) $11,800 Retained Earnings (Bag Bal-Jan1) $42,400 Interest Expense $11,300 Land $29,400 Office salaries $70,200 Sales salaries $102,700 Supplies expenses $22,800 Insurance expense $9,300 Depreciation expense $15,100 Income tax expense $9,600 Dividend Payments $6,500 Interest Income $19,500 Inventory $24,100 Using the above; (a) prepare statement of equity (b) prepare a statement of income (c) prepare a statement of financial position (d) prepare a statement of cashflow