Prepare statement of changes in equity and cash flow.

Practice Objective 1-5 Donalty Corporation opened for business on January 1, 2018. The following information is available with regards to their accounts as of December 31, 2018: Accounts payable $2,500 $5,500 Accounts receivable Administrative expenses $4,500 Bank loan $55,000 Cash $130,200 Common shares $51,000 Dividends declared $1,000 Equipment $25,000 Insurance expense $4,800 Interest expense $4,000 Revenue $145,000 Salaries expense $78,500 The following information was also available for the year: Net cash used by operating activities was $50,200 Cash of $25,000 was paid to purchase new equipment Cash of $51,000 was received from the issue of common shares Cash of $55,000 was received from the bank loan Cash of $1,000 was declared and paid for dividends