For Victory Limited,

a. prepare the income statement for the year ended 30 September 2019.

b. prepare the statement of changes in equity for the year ended 30 September 2019.

c. prepare the classified statement of financial position as at 20 September 2019.

The following is the trial balance for Victory Limited as at 30 September 2019. Victory Limited Trial Balance as at 30 September 2019 Dr 308,500 110,000 30,000 300,000 150,000 10,000 65,000 Cash Accounts receivable Supplies Furniture and fixture Accumulated depreciation - furniture and fixture Salary payable Accounts payable Share capital Retained earnings Cash dividends Service revenue Electricity expense Rent expense Salary expense Depreciation expense furniture and fixture 10,000 20,000 120,000 180,000 30,000 1,108,500 1,108,500 Additional information: (i) Accrued service revenue at 30 September, $5,000. (ii) Supplies used during the year, $2,000