Mario is the owner of Magic Mushroom Restaurant. The information below was provided by Mario as at 30 June 2024:

Item	$
Opening Capital (at 1 July 2023)	480,000
Bank Loan (due in 2028)	400,000
Kitchen Equipment	155,000
Bank Overdraft	25,000
Accounts Receivable	80,000
Depreciation Expense	10,000
Drawings	110,000
Accounts Payable	60,000
Cash at Bank	130,000
Food Revenue	35,000
Rental Expense	25,000
Employee Wages Expense	95,000
Beverage Revenue	100,000
Restaurant Buildings and Land	495,000

Mario has asked you to support him with the preparation of an Income Statement and Statement of Changes in Equity for the year ended 30 June 2024, and a Balance Sheet as at 30 June 2024.

Magic Mushroom Restaurant
Income Statement
For the year ended 30 June 2024
Income
Expenses
Profit (Loss)

Magic Mushroom Restaurant
Statement of Changes in Equity
For the year ended 30 June 2024
Beginning Capital (1 July 2023)
Add: Profit/Deduct: Loss
Less: Drawings
Capital (30 June 2024)

Magic Mushroom Restaurant Balance Sheet As at 30 June 2024
Current Assets
Total Current Assets
Non-Current Assets
Total Non-Current Assets
Total Assets
Current Liabilities
Total Current Liabilities
Non-Current Liabilities
Total Non-Current Liabilities
Total Liabilities
Net Assets
Equity
Total Equity