prepare income statement , statement of changes in equity , statement of Financial position.

The ledger accounts of North Shore Yoga Studio Inc. at December 31, 2016 are shown below: Accounts Payable $5, 100 Accounts Receivable 1, 050 Building 50, 400 Common Shares 53, 100 Cash 12,000 Exercise Equipment 18, 900 Weight Equipment 22,000 Notes Payable 49,000 Office Supplies 350 Office Equipment 2,000 Dividends 10, 500 Retained Earnings 10,000