Michael Don owns an equipment hire business under the name Safety Hire. Financial data for Safety Hire as of 30 June 2019 are shown as below: Accounts receivable Wages expense $ 78,000 $ 73,000 200,000 Equipment hire income Advertising expense 32,000 Rent revenue 9,000 Prepaid insurance 9,000 Accounts payable 38,000 Insurance expense 7,000 Cash at bank 48,000 Equipment 190,000 Michael Don, capital, 1 July 2018 160,000 Unearned revenue 50,000 Drawings 20,000 Required: a. Prepare an income statement for the business for the year ending 30 June 2019. b. Prepare a Statement of Changes in Equity for the year and determine Michael Don's capital at 30 June 2019