Ludwig Inc. began operations 2 years ago. its adjusted account balances at April 30, 2014 are shown below. Ludwig Inc. issued shares worth $4,000 during April, 2014. Use this information to prepare the following: a. Income statement for the month ended April 30 b. Statement of changes in equity for the month ended April 30 e Classified balance sheet at April 30 Account Balance Accounts receivable 6.300 Accumulated depreciation, boats 2.960 Accumulated depreciation, furniture 2.130 Advertising expense 9.020 Boats 12.920 Bonds Payable (due June, 2021) 9.840 Cash 5,230 Commissions eamed 13,330 Consulting revenue earned 11,2701 Copyright 4,770 Depreciation expense, boats 980. Depreciation expense, furniture 1,820 Dividends 1,180) Fumiture 6,230 Insurance expense 3,790 Interest earned 1,620 Interest expense 3.140 Interest payable 2,760 Land 12,600 Long-term investment in shares 10,430 Income Statemen Interest earned 1,620 Interest expense 3,140 Interest payable 2.760 Land 12,600 Long-term investment in shares 10.430 Mortgage Payable (due June, 2021) 14,800 Prepaid advertising 3,390 Prepaid insurance 1,400 Property taxes expense 2.690 Property taxes payable 2,840 Rent earned Retained earnings 11.000 8,010 Salaries expense 13,770 Salaries payable 5,000 Share capital 12,440 Short-term notes payable 7.400 Trademark 6,740 (select one) Balance Sheet (select one) Statement of Changes in liquity Deinct coe) Share Retained Total Capital Earnings Equity