I have provided the snippet from the practice exam question below.

Question 2 (25 marks) The following information was extracted from the general ledger of Farm Supplies Traders on 30 June 2020. DR CR Accounts Payable 145,000 Accounts Receivable 155,000 Accumulated Depreciation - Property, Plant & Equipment 82,000 Advertising Expense 60,000 Cash 62,500 Cost of Goods Sold 700,000 Depreciation - Property, Plant & Equipment 150,000 Drawings 10,000 Insurance Expense 75,000 Interest Expense 22,500 Interest Revenue 12,500 Inventory 230,000 Investment - Tesla 135,000 Mortgage Payable 440,000 Owners' Equity 418,500 Prepaid Insurance 8,500 Property, Plant and Equipment 682,000 Rent Expense 129,000 Sales Revenue 1,606,500 Unearned Revenue 15,000 Wages and Salaries 300,000 2,719,500 2,719,500 Requirements: Prepare the following classified financial statements for Farm Supplies Traders for the period ended 30 June 2020. a) Income Statement (11 marks) b) Statement of Changes in Equity (4 marks) () Balance Sheet