QUESTION 3 (27 marks) Diamond Consulting Company adjusts its accounts at the end of each month and the company's financial year end is on 31 December each year. Below is the Adjusted Trial Balance for Diamond Consulting Company at 31 January 2023. Cash Accounts receivable Supplies Office Furniture. Diamond Consulting Company Adjusted Trial Balance 31 January 2023 Accumulated Depreciation - Office Furniture Accounts Payable Unearned Commission Revenue Share Capital Retained Earnings Dividends Commission Revenue Salary Expense Insurance Expense Supplies Expense Depreciation Expense - Office Furniture Debit $ 58,000 98,050 6,800 98,500 45,000 89,120 3,200 2,010 1,600 402,280 Credit $ 46,500 6,500 12,580 80,000 111,250 145,450 402,280 You are required to prepare: (a) an Income Statement for the month of January 2023; (b) a Statement of Changes in Equity for the month of January 2023; and (c) a Statement of Financial Position as at the end of January 2023. (7 marks) (9 marks) (11 marks)

QUESTION 3 (27 marks) Diamond Consulting Company adjusts its accounts at the end of each month and the company's financial year end is on 31 December each year. Below is the Adjusted Trial Balance for Diamond Consulting Company at 31 January 2023. You are required to prepare: (a) an Income Statement for the month of January 2023; (7 marks) (b) a Statement of Changes in Equity for the month of January 2023; and (9 marks) (c) a Statement of Financial Position as at the end of January 2023. (11 marks)