Downloadable eTextbook (b) Prepare the liabilities and equity sections of the statement of financial position. (e) If you completed P2-2B, compare the total assets in P2-2B with the total liabilities and shareholders equity in P2-3B. Do these two amou These items are taken from financial statements of Beaulieu Limited for the year ended December 31, 2018 Buildings 105,000 19.200 Accumulated depreciation-equipment Accounts payable Salaries payable Common shares 6,170 12,000 7,500 buildings Accumulated depreciation Accounts receivable Prepaid insarance Equipment Income tax expense 5,000 Retained earnings, January I Dividends declared Service revenue 193,100 5,400 Insarance expense Salaries expense Utilitics expense Interest expense Interest revenue Land Mortgage payable 145,600 145,800 175,800 Additional information . Beaulieu started the year with $25,000 of common shares and issued $20,000 more during the year 2 535,100 of the mortgags payable is due to be repaid within the next year (a) Prepare an incoene statement, statement of changes in equity, and stanement of financial position for the year (b) Explain how each financial statement is related to th? others. 258 The financial statements of Fast Corporation are peesented here MacBook Pro