Question 2: (21 marks) The adjusted balance for Actinolite Automobiles Inc. at December 31, 2023 is presented below. Actinolite's income tax rate is 25% and journal entries for income tax expense have not yet been prepared. There were no common share transactions during the year. Credit $44,620 14,300 95,500 Actinolite Automobiles Inc. Adjusted Trial Balance December 31, 2023 Debit Accounts payable Accounts receivable $25,430 Accumulated depreciation - equipment Accumulated depreciation - building Accumulated other comprehensive income - 0 Jan 1, 2023 Advertising expense 9,700 Building 400,000 Cash 157,000 Cash dividends - common 10,000 Common shares (10,000 shares issued) Contributed surplus - reacquisition of common shares Cost of goods sold 417,000 Depreciation expense 20,000 Dividends payable Equipment 80,000 Gain on sale of equipment Income tax expense 0 Income tax payable Interest expense 2,550 Merchandise inventory 66,140 Office expense 8,500 Other comprehensive income - holding loss on 2,250 equity investment (before income tax) Retained earnings - Jan 1, 2023 Sales TOTALS 1,198,570 250,000 6,000 10,000 850 0 57.300 720.000 1,198,570 Required: a. Prepare a statement of comprehensive income on an all-inclusive basis (ignoring earn- ings per share) b. Prepare a statement of changes in shareholders' equity for the year c. Prepare the shareholder's equity section of the balance sheet at December 31, 2023