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must be answered soon thanks! Question 3 [50 points) Vision Consulting Inc, began operations 2 years ago. Its adjusted account balances at May 31, 2014

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Question 3 [50 points) Vision Consulting Inc, began operations 2 years ago. Its adjusted account balances at May 31, 2014 are shown below. Vision Consulting Inc. issued shares worth $4,500 during May, 2014. Use this information to prepare the following: a. Income statement for the month onded May 31, b. Statement of changes in equity for the month ended May 31 c. Classified balance sheet at May 31 (select one) Income Statement (select one x x Account Accounts receivable Accumulated depreciation, equipment Accumulated depreciation furniture Bonds Payable (due September, 2018) Cash Commissions earned Consulting revenue eamed Copyright Depreciation expense, equipment Depreciation expense, furniture Dividends Equipment Furniture Insurance expense Interest earned Interest expense Interest payable Land Long-term notos payable Long-term investment in shares Notes Receivable (due August, 2014) Patents Prepaid insurance Rent earned Retained earnings Share capital Unearned consulting revenue Unearned rent Balance 9,430 1,600 4,080 12,030 5,430 5,260 7,470 5,430 1,570 1.980 1,150 8,130 25,120 3,560 3,820 3,780 2,500 6,960 16,340 7,550 7,350 3,710 3,360 3,760 17710 11,590 3,350 5,000 (select one) Statement of Changes in Equity solactone) Share Retained Total Capital Earnings Equity +++ Share capital Unearned consulting revenue Uneamed rent 11,590 3,350 5,000 (select one) Balance Sheet (select one) X X X X X + + + ttttt X + + + X

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