e Financial Reporting The following adjusted trial balance has been prepared at year's end. ESCAPE FROM NEW YORK - TRIAL BALANCE AS AT 30 JUNE 2020- Debit ($) e Credit ($) Cashe 34,300 Interest Expense- 490 Accounts Receivable 26,3002 Doubtful Debts Expense- 3,200 Inventory (1 July 2019) 41,600 Shop Rent Expense- 1,800- Telephone Expenses 1,300 Building 86,000 Depreciation Expense - Building 4,200 Sales Staff Wages Expense- 21,300 Accum. Depreciation - Equipment Freight Inwards 4,340 General Expensee 17,600 Capital (1 July 2019) 161,840- Drawings 12,500 Sales Income 248,600 Sales Returns 7,450 Interest Payable 240- Discount Allowede 2,400 Cost of Sales 147,200 Uneamed Income 5,200 Discount Received 1,900 Freight Outwards 2,150 Accounts Payable 6,2002 45,000 5,400 2,800 Equipment Accum. Depreciation - Building Depreciation Expense - Equipment- Loan Payablee Allowance for Doubtful Debts Insurance Expense- Advertising Expense Prepaid Rente 38,500 3,200- 3,600 3,750 6.600 $475,8802 $475,880 Continued on the next page... Question (Continued) Requirements: a. Prepare a fully classified Income Statement for the year ended 30th June 2020. (10 marks) Prepare a Statement of Changes in Equity for the period and a fully classified Balance Sheet (must classify the assets and liabilities like we did in class) as at 30th June 2020.- (10 marks) Income Statement For the Year Ending 30/6/204 se le Statement of Changes in Equity For the Year Ending 30/6/204 Opening Capital (1/7/19) Clt