Current Attempt in Progress The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: 12,500 Income tax payable 4,300 Accounts payable 26,600 Insurance expense 3,400 Accounts receivable Accumulated depreciation- equipment 5,600 Prepaid insurance 2,900 5,700 18,300 Rent expense Cash 13,960 Retained earnings 19,840 Common shares 4,600 Salaries payable 3,750 Depreciation expense 2,000 Salaries expense 47.250 Dividends declared 1,700 24,300 Supplies Equipment 87,900 Supplies expense 3,800 Fees earned 4,900 Utilities expense 2,400 Income tax expense During the year ended February 28, 2018, common shares were issued for $5,000 Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, eg. (45)-) OROMOCTO CORPORATION Statement of Changes in Shareholders' Equity Year Ended February 28, 2018 Total Equity Retained Earnings Common Shares 19840 $ Balance, March 1, 2017$ 5000 5000 Issued common shares 15850 15850 Net income 2000 2000 Dividends Declared Balance, February 28, 2018 Prepare a statement of financial position as on February 28,2018.(ist Current assets in order of liquidity) OROMOCTO CORPORATION Statement of Financial Position February 28, 2018 Assets Current Assets Cash Accounts Receivable Supplies Prepaid Insurance Total Current Assets Property, Plant and Equipment Less Total Assets Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Income Tax Payable Salaries Payable Total Current Liabilities Shareholders Equity Total Shareholders' Equity Total iabitis andShareholders Equity eTextbook and Media