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Cments. 23.110 (LO 5) Refer to the trial balance for Taggar Enterprises Inc. prepared in P3.10A. In addition to this information, common shares in the

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Cments. 23.110 (LO 5) Refer to the trial balance for Taggar Enterprises Inc. prepared in P3.10A. In addition to this information, common shares in the amount of $2,000 were issued during the year and $1,250 of the mortgage is currently due. Instructions Prepare a statement of income, statement of changes in equity, and statement of financial position for the year. A B D E F G Credit 0 $ $ 1,000 $ 4,000 1 12 13 14 Taggar Enterprises Inc. Trial Balance June 30, 2021 Debit Cash $ 1,800 Accounts Receivable $ 3,000 Prepaid Insurance $ 900 Equipment $ 3,000 Acc Depreciation Buildings $ 15,000 Acc Depreciation Land $ 12,500 Long Term Investments $ 3,550 Accounts Payable Income Tax Payable Mortgage Payable Common Shares Dividends Declared $ 2,000 Retained Earnings Service Revenue Interest Expense S 100 Income Expense 1,000 Office Expense 3,300 Salaries Expense $ 13,700 15 16 $ $ $ $ 3,500 100 15,000 5,000 17 $ s $ 6,250 25,000 59,850 $ 59,850 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Total B) The debits and credits may be equal but there could still be errors which affec

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