Question 1 [50 points] Velor Inc. began operations on July 1, 2013. Its adjusted account balances at June 30, 2014 are shown below. Use this information to prepare the following: a. Income statement for the year ended June 30. b. Statement of changes in equity for the year ended June 30. c. Classified balance sheet at June 30. (select one) Income Statement (select one) 777 77 Account Accounts receivable Accumulated depreciation, automobiles... Accumulated depreciation, building... Advertising expense Advertising payable Automobiles... Bonds Payable (due May, 2019) Building. Cash... Commissions earned Consulting revenue earned Depreciation expense, automobiles. ... Depreciation expense, building. Dividends Interest earned Interest expense. Land Long-term notes payable Long-term investment in shares. Property taxes expense.. Property taxes payable Rent earned. Rent expense Rent payable Salaries expense Salaries payable. Share capital Trademark Balance 11,890 1,940 690 3,920 3,280 14,280 16,590 3,580 5,810 9,720 7,960 1,940 690 3,340 3,310 3,120 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 8,930 13,370 2,460 2,090 10,620 4,930 5,550 6,260 5,790 10,380 2,670 (select one) Balance Sheet (select one) t 17 1 + XXXXX