Question $1$ Financial Statements

Use the following accounts and information $($$$000$ dollars$)$ to prepare an income statement, a statement of changes in equity, and a statement of financial position for Rainwater Services Ltd for the month ended $31$ July $2022.$ Show all workings and headings.

Accounts Payable $$2,850$ Dividends paid $$3,000$

Accounts Receivable $$9,900$ Insurance Expense $$4,500$

Buildings $$55,000$ Supplies $$1,200$

Cash $$11,500$ Salaries payable $$4,800$

Revenues $$46,300$ Rent expense $$4,950$

Share Capital $$2,800$ Salaries expense $$4,600$

Retained earnings $($beginning$)$ $$15,700$