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Could i please get help with writing the income statement and changes in equity for this question? thank you QUESTION 2: Financial Statement (23 marks).

Could i please get help with writing the income statement and changes in equity for this question? thank you

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QUESTION 2: Financial Statement (23 marks). Body-Builders Pty Ltd produces gym equipment. The following adjusted Trial Balance for "Body-Builders Pty Ltd" has been prepared at the end of the financial year ended 30 June 2021 by the business owner, Barney Stenson. REQUIRED: Using the Trial Balance provided below, prepare the following for the period in question: a) Fully classified Income Statement [19 marks] b) Statement of Changes in Equity [4 marks]Body-Builders Pty Ltd Adjusted Trial Balance For the Year Ended 30 June 2021 Debit ($) Credit (S) Cash at Bank 49,258 Accounts Receivable 68,600 Inventory (30 June 2021) 29,344 Allowance for Doubtful Debts 1,400 Prepaid Rent 3,316 Property, Plant and Equipment (PP&E) 35,000 Accumulated Depreciation - PP&E 12,628 Sales Equipment 19,000 Salaries Payable 6,300 Accounts Payable 22,400 Electricity Bill Payable 840 Mortgage Payable 47,040 Barney Stenson - Capital (1 July 2020) 112,734 Barney Stenson - Drawings 25,900 Sales 716,234 Sales Returns & Allowances 12,082 Discount Received 4,340 Telephone Expense 2,240 Cost of Sales (COS 540,694 Depreciation Expense - PP&.E 4,970 Freight Inwards 3,948 Rent Expense 41,020 Discount Allowed 5,180 Salaries Expense 46,760 Advertising Expense 10,784 Electricity Expense 5,800 Doubtful Debts Expense 1,400 Delivery Expense 18,620 Totals 923,916 923,916 Barney has provided the following additional information to assist you with your statement preparation: 60%% of salaries relate to the "administration staff" and 40% relate to 'selling and distribution staff. 75% of rent expense relates to "administration staff and 25% relates to 'selling and distribution staff

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