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Donalty Corporation opened for business on January 1 2022. The following information is available with regards to their accounts as of December 31, 2022 $2.500

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Donalty Corporation opened for business on January 1 2022. The following information is available with regards to their accounts as of December 31, 2022 $2.500 $5.500 $4.500 $55,000 $130,200 $51,000 Accounts payable Accounts recevable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $1,000 $25,000 $4,800 $4.000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50.200 Cash of $25,000 was paid to purchase new equipment Cash of $51,000 was received from the love of common shares Cash of $55,000 was received from the bank loan Cash of $1,000 was declared and paid for dividends (a) Using this information prepare a statement of income, statement of changes in equity, statement of financial position, and statement of cash flows for the year. (Enter negative amounts using either a negative sign preceding the number est. -45. List Assets in order of liquidity) Donalty Corporation Statement of Income $ Donalty Corporation Statement of Changes in Equity Year Ended December 31, 2022 Common Retained Shares Earnings Total Equity $ > S DONALTY CORPORATION Statement of Financial Position Assets $ $ Liabilities $ > $ Donalty Corporation Statement of Cash Flows $ > >

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