prepare a income statement

prepare a statement of changes of equity

prepare a balance sheet (statement of financial position)

common shares of $600 were issued during the year

$10,000 of the mortage payable must be pair in 2022

December 31, 2021 Accounts payable Accounts receivable Accumulated depreciation, building Building Cash Common shares Depreciation expense Dividends declared Income tax expense Interest expense Interest payable Land Mortgage payable Operating expenses Retained earnings, January 1 Salaries expense Salaries payable Sales revenue Supplies expense Supplies inventory Total 3,500 8,000 96,000 250,000 4,000 5,000 8,000 4,000 20,000 6,000 500 100,000 120,000 40,000 30,000 55,000 5,000 $ 240,000 4,000 1,000 Additional information 1. Common shares of $600 were issued during the year