Question 1 (50 points) Weber Inc. began operations on August 1, 2013. Its adjusted account balances at July 31, 2014 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. Balance 12,640 810 520 5,700 Weber Inc. Income Statement (select one) 4,280 Account Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, furniture Advertising expense Advertising payable Automobiles Bonds Payable (due November, 2021). Cash Commissions earned Consulting revenue earned Depreciation expense, automobiles Depreciation expense, furniture Dividends Furniture xx x 9.080 5,010 3,200 13,170 5,730 810 520 1.070 7.850 (select one Weber Inc. Income Statement (select one) Account Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, furniture Advertising expense Advertising payable Automobiles Bonds Payable (due November, 2021) Cash Commissions earned Consulting revenue earned Depreciation expense, automobiles Depreciation expense, furniture Dividends Furniture Interest earned Land Long-term investment in shares Mortgage Payable (due November, 2021). Patents Rent earned Share capital Trademark Unearned rent Balance 12,640 810 520 5,700 4.280 9,080 5.010 3,200 13,170 5.730 810 520 1,070 7,850 2,620 11,260 13,720 17,370 8,180 10,300 16,720 4,170 1,670 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity Consulting revenue earned Depreciation expense, automobiles Depreciation expense, furniture Dividends Furniture Interest earned Land Long-term investment in shares Mortgage Payable (due November, 2021). Patents Rent earned Share capital Trademark Unearned rent 5,730 810 520 1,070 7.850 2,620 11,260 13,720 17,370 8,180 10,300 16,720 4.170 1,670 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one)