ONLY ANSWER PART (b)

Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total expenses Income before income tax Income Tax Expense Net income Net income eTextbook and Media List of Accounts $ 19,300 \begin{tabular}{|l|l|} \hline 2,475 & i \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline 1,750 & i \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline 1,600 & i \\ \hline 1,240 & i \\ \hline \end{tabular} 15,615 Attempts: 2 of 3 used During the year, the company issued common shares for $1,300. (a) Prepare an income statement. Yanik Financial Services Ltd. reports the following adjusted trial balance at August 31, 2021: Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).)