Cash $ 10,475 Accounts receivable. 16,640 Inventory... 98,220 Building.. 188,600 Accumulated depreciation-building 72,600 Accounts payable.... 14,850 Common shares ..... $154,525 Retained earnings, beginning 40,720 Dividends declared.. 7,500 Sales revenue.... 265,000 Cost of goods sold.. 143,600 Salaries and wages expense 64,540 Depreciation expense. 12,850 Utilities expense 3,300 Supplies expense 1,970 Instructions Given the above information, prepare the a) Statement of Income, b) Statement of Changes in Equity, and c) Classified Statement of Financial Position