Cash $11,430 Accounts receivable 18.350 Supplies 3.500 Prepaid insurance 3.400 Equipment 27.300 Accumulated depreciation-equipment $5.905 Accounts payable 2.900 Salaries payable 2.600 Interest payable 1.540 Rent payable 1,300 Income tax payable 1.500 Deferred revenue 800 Bank loan payable, 2024 25.900 Common shares 5.000 Retained earnings 5,600 Dividends declared 600 Service revenue 52,485 Salaries expense 19,300 Rent expense 12.365 Depreciation expense 2.475 Supplies expense 1.910 Interest expense 1540 Insurance expense 1.160 Income tax expense 2.200 Total $105.530 $105.530 During the year, the company issued common shares for $1,100. YANIK FINANCIAL SERVICES LTD Statement of Income For the year ended August 31, 2021 $ $