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Please answer questions E1-14, E1-15, E1-16 with detailed explanation, please follow AASB standards (Australian Accounting Standards), thanks! The account balances of Wilford Towing Service at

Please answer questions E1-14, E1-15, E1-16 with detailed explanation, please follow AASB standards (Australian Accounting Standards), thanks!

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The account balances of Wilford Towing Service at 30 June 2021 follow: E1-14 PREPARING THE INCOME STATEMENT [10-15 MIN] (LO4) 1. Prepare the income statement for Wilford Towing Service for the month ending 30 June 2021. 2. What does the income statement report? E1-15 PREPARING THE STATEMENT OF CHANGES IN EQUITY [10-15 MIN] ( LO4 ) 1. Prepare the statement of changes in equity for Wilford Towing Service for the month ending 30 June 2021. 2. What does the statement of changes in equity report? E1-16 PREPARING THE BALANCE SHEET [10-15 MIN] (LO 4 1. Prepare the balance sheet for Wilford Towing Service as at 30 June 2021 . 2. What does the balance sheet report

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