Question 4 of 4 - /20 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51.000 $1,000 $25.000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50.200 Cash of $25,000 was paid to purchase new equipment Cash of $51.000 was received from the issue of common shares Cash of $55,000 was received from the bank loan Cash of $1,000 was declared and paid for dividends. - 120 (a) Using this information, prepare a statement of income, statement of changes in equity, statement of financial position, and statement of cash flows for the year. (Enter negative amounts using either a negative sign preceding the number eg. -45. List Assets in order of liquidity) Donalty Corporation Statement of Income $ A o BI * 99 Donalty Corporation Statement of Changes in Equity Year Ended December 31, 2022 Common Retained Shares Earnings Total Equity $