Courtland Corp. began operations on April 1, 2014. The transactions for the first month follow.

1. Courtland Corp. issued shares to shareholders for $30,000.
2. $1,200 of commissions were earned and collected today by Courtland Corp.
3. Courtland Corp. received a bill today for this month's water utilities; $450. It will be paid within 30 days.
4. Courtland Corp. performed consulting services for a customer and received $7,500.
5. Courtland Corp. paid this month's $100 electrical utilities bill received today.
6. Courtland Corp. collected $1,900 for commissions earned today.
7. Courtland Corp. bought equipment on credit for $4,750.
8. Courtland Corp. paid this month's $450 gas utilities bill received today.
9. Courtland Corp. used $750 cash and $2,500 credit to purchase new equipment worth $3,250.
10. Courtland Corp. paid dividends of $1,200 to the shareholders.

Prepare an income statement, a statement of changes in equity and a balance sheet for the month ended April 30.