Question 1 (20 marks) Supplies C Algeme Numb D E G H Use the following information to prepare, in good form, an income statement, a statement of changes in equity, and a statement of financial position for Floral Print Ltd. for the month ended April 30, 20x2 Accounts payable $ 9,375 1 Accounts receivable Bank loan payable Cash Common shares. Dividends declared Income tax expense 5,500 13,750 58,750 94,375 6,250 17,375 2. Insurance expense 2,125 3. Building 125,000 A Retained earnings (beginning) 40,625 5 Revenues 78,750 6 20,625 17 1,250 18 19 20 Required- Salaries expense Supplies 21 Prepare an income statement, statement of changes in equity and statement of financial position 22 for Floral Print Ltd. for the month ended April 30, 20x2 23 24 25 26 27 N O Your Answer: Che