QUESTION 3 - Financial Reporting You are provided with the following information for The Heat is on for the year ending 30th June 2021. Trial Balance Debit Credit Building 228,700 Electricity Payable 1,200 Prepaid Advertising (16 months) 8,600 Accounts Receivable 22,300 Loan Payable 183,300 Machinery 350,300 Allowance for Doubtful Debts 2,100 Prepaid Insurance (6 months) 1,500 Cash 56,800 Accumulated Depreciation - Building 21,520 Equipment 123,000 Supplies 2,870 Accumulated Depreciation - Machinery 107,000 Accounts Payable 22,700 Drawings 14,800 Profit (30/6/21) 53,100 Interest Receivable 1,700 Inventory (30/6/21) 37,200 Accumulated Depreciation - Equipment 21,000 Capital (1/7/20) 432,250 Unearned Income 4,900 Prepaid Rent (9 months) 2,500 Interest Payable 1,200 Totals 850,270 850,270 REQUIRED: a. Prepare a Statement of Changes in Equity for the period ending 30th June 2021. (3 marks) Prepare a fully classified Balance Sheet as at 30th June 2021. (12 marks) b. TOTAPAALIPATION