Following are the asset, liability, and equity items of Dumont Inc. at January 31, 2015, after its first month of operations. Required: = ASSETS LIABILITIES + EQUITY Cash $1,300 Bank Loan $8,000 Share Capital $2,000 Accounts Receivable Prepaid Expenses Unused Supplies Truck 2,400 550 750 Accounts Payable 1,000 Service Revenue 7,500 Advertising Expense 500 Commissions Expense 720 9,000 Insurance Expense 50 Interest Expense 80 Rent Expense 400 Supplies Expense 100 Telephone Expense 150 Wages Expense 2,500 1. Prepare an income statement and statement of changes in equity for Dumont's first month ended January 31, 2015. 2. Prepare a balance sheet at January 31, 2015.