prepare following statements for year end: 1. income statement 2. statement of changes in equity 3. statement of financial position

imperial Corporation Adjusted Trial Balance As at December 31, 2020 $ 45,000 30,000 10,000 60,000 $ Cash Accounts receivable Prepaid insurance Office equipment Acc/Dep Office Equipment Accounts payable Unearned revenue Bank loan Share capital Retained earnings Dividends Service revenue Wages expense Maintenance expense Advertising expense 2,000 10,000 15,000 20,000 21,000 10,000 150,000 50,000 10,000 3,000 Total $ 218,000 $ 218,000 Hint: This is the first year of operations for Imperial Company