Preparing financial statements (30 marks) Using the information below for Aqua Solutions Inc., after its first year of operation, complete the income statement, statement of changes in equity, and balance sheet using the templates provided. Pay attention to the formatting of the financial statements. Cash Equipment Accounts Payable Dividends Salaries expense Accounts Receivable $11,650 6,800 2,800 1,500 8,500 350 Rent expense Share capital Loan payable Travel expense Revenue Insurance expense 650 5,000 3,500 1,500 20,000 350

Using the information below for Aqua Solutions Inc., after its first year of operation, complete the income statement, statement of changes in equity, and balance sheet using the templates provided. Pay attention to the formatting of the financial statements