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

Accounts payable		$2,500
Accounts receivable		$5,500
Administrative expenses		$4,500
Bank loan		$55,000
Cash		$130,200
Common shares		$51,000
Dividends declared		$1,000
Equipment		$25,000
Insurance expense		$4,800
Interest expense		$4,000
Revenue		$145,000
Salaries expense		$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 issue of common shares
		Cash of $55,000 was received from the bank loan
		Cash of $1,000 was declared and paid for dividends.

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 e.g. -45. List Assets in order of liquidity.)