Question $1[50$ points$]$

X$-$cell Inc. began operations on August $1,2022.$ Its adjusted account balances at July $31,2023$ are shown below. Use this information to prepare the following:

a$.$ Income statement for the year ended July $31.$

b$.$ Statement of changes in equity for the year ended July $31.$

c$.$ Classified balance sheet at July $31.$X$-$cell Inc. began operations on August $1,2022.$ Its adjusted account balances at July $31,2023$ are shown below. Use this information to prepare the following:

Income statement for the year ended July $31.$

Statement of changes in equity for the year ended July $31.$

Classified balance sheet at July $31.$