Morrison Services Ltd. reports the following adjusted trial balance at August 31, 2021: Credit $5,905 MORRISON SERVICES LTD. Adjusted Trial Balance August 31, 2021 Debit Cash $11,420 Accounts receivable 18,325 Supplies 3,100 Prepaid insurance 3,700 Equipment 26,400 Accumulated depreciation-equipment Accounts payable Salaries payable Interest payable Rent payable Income tax payable Deferred revenue Bank loan payable, 2024 Common shares Retained earnings Dividends declared 600 2,750 2,700 1,620 1,450 1,700 500 25,300 4,200 5,100 Service revenue 54,305 19,500 13,260 Salaries expense Rent expense Depreciation expense Supplies expense Interest expense Insurance expense Income tax expense 2,375 1,870 1,620 1,300 2,060 Total $105,530 $105,530 During the year, the company issued common shares for $1,200. (a) Prepare an income statement. Prepare a statement of financial position for the year. (List Current Assets in order of liquidity.) CULLUMBER CORPORATION Statement of Financial Position Assets $ $ v: Liabilities and Shareholders' Equity $ $ $