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Please use the adjusted year-end trial balance and additional information provided below to complete the following financial statements in good form for Regency Delivery Inc.
Please use the adjusted year-end trial balance and additional information provided below to complete the following financial statements in good form for Regency Delivery Inc. (a) Statement of Income (7 marks) (b) Statement of changes Equity (8 marks) (c) Classified Statement of Financial Position (13 marks) Credit Regency Delivery Inc. Adjusted Trial Balance April 30, 2020 Debit Cash 23,000 Prepaid Insurance 38,000 Vehicles 273,000 Accumulated depreciation, Vehicles Salaries payable Mortgage payable Common shares Retained earnings Dividends declared 15,000 Service revenue Depreciation expense 6,825 Income tax expense 63,000 General and administrative expense 66,000 Total $484,825 $68,250 33,000 73,000 73,000 14,575 223,000 $484,825 Additional Information $15,000 Dividends were declared and paid during the year. 5,000 Common shares were issued for $35,000. $15,000 of the mortgage is due in October, 2021 Paragraph B I UA AO Q + V a. Statement of Income (7 marks) REGENCY LTD. Statement of Income
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