INCOME Dmoing fees 3 115000 EXPENSES swan rent experee $18000 Wages expense 13000 Supplies expense 16200 Electricity expense 6750 H. Homer. Draw'rgs 11200 Depreciation expense vehicle 3200 .. equipment 4300 102650 PROFIT $ 12350 ASSETS UABILI'HES Cash at bank $12600 Accounts payable $13000 Equipment 13'800 EQUITY Vohblo 20100 H. Homer. Capital 38100 $51 100 $51 100 Additional analysis revealed the following: 1. Dancing fees of $7500 (owed by customers] were unrecorded at 30 June. 2. Additional equipment of $10 500 purchased with a bank loan at the end of the month had not been recorded. 3. Supplies on hand at 30]une costing $10 600 were included in expenses. 4. Wages of 52500 were payable at 30Ju ne. Required 3. Prepare a corrected income statement for the year ended 30 June 2019. h. Prepare a corrected balance sheet in narrative form as at 30 June 2019. (3. Prepare a statement of changes in equity for the year ended 30 June 2019. :1. Discuss the accounting assum pons that the graduate has breached. Part {a} Note: Follow the account order as in the above Income Statement. Write you number in the following format: 360 [Do not write S2 560] Part (a) Note: Follow the account order as in the above Income Statement. Write you number in the following format: 2560 (Do not write $2 560) HELEN'S DANCING SCHOOL Income Statement for the year ended 30 June 2019 INCOME EXPENSE Depreciation Expense PROFIT Part (b) Note: Asset and liability accounts should be in the order of liquidity. The highest liquidity asset and liability should appear first.Part (b) Note: Asset and liability accounts should be in the order of liquidity. The highest liquidity asset and liability should appear first. HELEN'S DANCING SCHOOL Balance Sheet as at 30 JUne 2019 ASSETS TOTAL ASSETS LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY TOTAL EQUITY