Question 3 [35 points] On April 1, 2014, Linda Champion organized a new company called Stake Technology Inc. On the last day of that month, the company's records showed the items listed below. Use this information to prepare the Aprill ncome statement and statement of changes in equity as well as the balance sheet at April 30 for Stake Technology Inc. a) Complete the income staterment using the format provided. Consulting revenue earned Income Statement 22,000 _41,500 25,000 . 20.000 Interest earned Interest cxpensc Interest payable Land Notes receivable orice salanes expense _- Property taxes payable Rent eaned_ Rent expense Share capital Short-term notes payable Store supplies expense Supplies 130 DD Total rovenucs Expenses 122.500 84.00 27,000 157 DDD 79.500 b) Complete the statement of changes in equity using the format provided. 3 Staternent of Changes in Equity 79.500 47 500 Snare Retained Iota Capilal Earnings Equity c Complete the Balance Sheet. Balance Sheet Assets Liabilities Total assets Total liabilities Equity Total cquity Total liabilities and equity