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Prepare the statement of income for the company for their first year of operations ended December 31, 2020. Sunshine Company Statement of Income For the

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Prepare the statement of income for the company for their first year of operations ended December 31, 2020. Sunshine Company Statement of Income For the Year Ended December 31, 2020 Revenues LA Expenses Interest Expense $ Rent Expense Wages Expense Utilities Expense Supplies Expense Depreciation Expense Total Expenses Net Income /(Loss) $ Prepare the statement of changes in equity for the company for their first year of operations ended December 31, 2020. Sunshine Company Statement of Changes in Equity For the Year Ended December 31, 2020 Share Capital - Common Shares Retained Earnings Total Balance, January 1 $ $ i Net Income /(Loss) i Prepare the statement of financial position for the company for their first year of operations ended December 31, 2020. (List Current Assets in order of liquidity.) Sunshine Company Statement of Financial Position For the Year Ended December 31, 2020 Assets Current Assets cash $ Accounts Receivable Total Current Assets $ Non-current Assets Equipment Less V: Total Non-current Assets Total Assets $ Liabilities and Shareholders' Equity Current Liabilities Current Liabilities Accounts Payable $ Interest Payable Wages Payable Total Current Liabilities Bank Loan Payable Total Liabilities

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