Prepare a fully classified Income Statement, a Statement of Changes in Equity and a fully classified Balance Sheet using the Trial Balance

Feta & Feast is a Feta cheese wholesale business owned by Mr Abderus. Mr Abderus is a supplier of feta cheese to Avocado Smash Caf and a good friend of the owner, Pietra. Pietra is so impressed with the accounting work you have done for her that she has recommended you to Mr Abderus. In your role as a Graduate Accountant at Warwick & Clarke Chartered Accountants you have been supplied with the Feta & Feast Trial Balance. FETA & FEAST TRIAL BALANCE AS AT 30 JUNE 2021 Credit ($) Debit ($) 4320 3 648 366 240 39 720 7464 23 328 676 944 47 832 3 264 71 232 23 280 Prepaid Insurance Freight outwards Purchases Drawings Accumulated Depreciation - delivery van Purchase returns & allowances Sales Accounts Receivable Discount allowed Store Equipment Accounts Payable Cash at Bank Accumulated Depreciation - store equipment Loan Payable Sales returns & allowances Freight inwards Interest expense Inventory (1 July 2020) Delivery Van Capital Discount received Salaries expense 39 936 21 072 27 360 mr. Print Layout 712 3 888 107 928 17 856 121 536 1944 162 912 TOTAL 902 928 902 928 Additional Information: The salaries expense represents $78 624 for sales staff and $84 288 for office staff. The inventory stocktake revealed a closing stock balance at 30 June 2021 as $87 432. 25% of the loan is due on the 1 February 2022 and the remainder due in subsequent financial years