Question 2 (37 marks) The following is the trial balance for YOYO Limited as at 31 December 2021: YOYO Limited Trial Balance as at 31 December 2021 Cr $ Dr $ 282,000 13,000 38,000 400,000 Cash Supplies Accounts receivable Building Accumulated depreciation - Building Accounts payable Unearned service revenue Share capital Retained earnings Dividends Service revenue Rent expense Salary expense Marketing expense Utilities expense 40,000 24,000 12,000 460,000 133,000 10,000 310,000 80,000 120,000 16,000 20,000 979,000 979,000 Additional information: (1) A physical count revealed that $6,000 supplies on hand at 31 December 2021. (2) Depreciation had not been provided for the building for the year. The expected useful life of the building was 10 years. (3) Accrued marketing expense of $3,000 at 31 December 2021. This amount will be paid on 12 January 2022 (4) Unearned service revenue of $500 was earned in December 2021. Required: For YOYO Limited, (a) describe the effects (increase, decrease or no effect) in the accounting equation for the additional information (1) to (4) above. Use the format as shown below for your answers. + Assets Increase Labilities Decrease Shareholders' equity No effect Item e.g., (1) (2) (3) (4) (6 marks) (b) prepare the income statement for the year ended 31 December 2021. (8 marks) (c) prepare the statement of changes in equity for the year ended 31 December 2021. (5 marks) (d) prepare the statement of financial position as at 31 December 2021. (18 marks) [Total marks for Question 2: 37 marks]