I need help with the satement of changes in equity.

please explain your answer if possible

Donalty Corporation opened for business on January 1 2022. The following information is available with regards to the accounts of December 31, 2022 Accounts payable $2.500 $5.500 Accounts receivable Administrative expenses $4.500 $55.000 Bank loan Cash $130.200 551.000 Common shares Dividends declared 31.000 Equipment $25.000 Insurance expense $4,800 Interest expense $4.000 5145.000 Revenue Salaries expense $78.500 The following Information was also available for the year UU Interest expense $4,000 Revenue $145,000 Salaries expense $78.500 The following information was also available for the year: Net cash used by operating activities was $50.200 Cash of $25,000 was paid to purchase new equipment Cash of 551,000 was received from the issue of common shares . . Cash of $55,000 was received from the bank loan Cash of $1,000 was declared and paid for dividends. (a) Using this information, prepare a statement of income statement of changes in equity, statement of financial position, and statement of cash flows for the year. (Enter negative amounts using either a negative sin preceding the number es. 45. List Assets in order of liquidity) Donalty Corporation Statement of Income Year Ended December 31, 2022 Revenues 145000 Expenses Salaries Expense 78500 4800 Insurance Expedie 4000 Interest Expense 4500 Administrative Expenses 91800 Total Expenses Sataries Expert 78500 rerance Expert 4000 reste 4000 Att penses 1000 het como 1200 Donalty Corporation. Statement of Changes in Equity Year Ended December 31, 2022 Common Retained Shares Earnings Total Equity Balance 1 51000 S7200 10320 sue common share ) 51000 5100 Donalty Corporation Statement of Changes in Equity Year Ended December 31, 2022 Common Retained Shares Earnings Total Equity Balance, Jan. 1 51000 52200 10320 Issued common shares 51000 5100 Net Income/tLoss 53200 5320 1000 1000 Dividends Declared 102000 Balance, Dec. 31 $ 105400 $ 20746 DONALTY CORPORATION Statement of Financial Position December 31, 2022 Assets