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Page 1: 1 2 99 You are presented with the following accounts and balances for Wildflower Limited at December 31, 2022. In the space
Page 1: 1 2 99 You are presented with the following accounts and balances for Wildflower Limited at December 31, 2022. In the space below, you are to prepare in proper format: an income statement for Wildflower Limited for the year ended December 31, 2022 (15 marks) a statement of changes in equity for Wildflower Limited for the year ended December 31, 2022 (12 marks) a balance sheet (statement of financial position) for Wildflower Limited at December 31, 2022 (31 marks) There is a separate grid below for each of the three statements. There are extra rows in each grid. You can click on a grid to make the grid larger on your screen. Wildflower Limited December 31, 2022 Accounts payable 9,500 Accounts receivable 12,000 Accumulated depreciation, equipment 12,500 Bank loan payable* 25,000 Cash 6,000 Common shares 3,000 Depreciation expense Dividends declared Equipment Income tax expense Insurance expense. 5,000 1,600 70,000 5,000 1.600
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