Instructions Prepare a statement of income and statement of changes in equity for the year. 1.13 (LO 4) Sea Surf Resorts Inc. has the following financial information as at December 31, 2021: $283,000 Dividends declared $ 12,000 19.000 Operating expenses 245,000 124,000 Supplies 2,500 16,500 Common'shares, Jan. 1 30,000 50,000 Common shares issued during year 15,000 10,000 Retained earnings, Jan. 1 18,000 Calculat statemer financia Camping revenue Cash Equipment Accounts payable Bank loan payable Income tax expense Instructions a. Determine net income for the year. = 28.000 b. Prepare a statement of changes in equity and a statement of financial position for the year