Question 4 These financial statement items are for Flint Corporation for the year end, July 31, 2018 Salaries payable $5,435 Salaries expense 51,750 Utilities expense 22,620 Equipment 32,960 Accounts payable 4,465 Service revenue 76,390 Rent revenue 8,210 Bank loan payable 1,325 Common shares, August 1, 2017 15,370 Cash 28,450 Accounts receivable 19,550 Accumulated depreciation equipment 5,460 Dividends declared 4,020 Depreciation expense 3,930 Interest expense 100 Interest payable 100 Income tax expense 1,500 Retained earnings, August 1, 2017 32,495 Flint issued $15,630 of common shares during the year. Flint issued $15,630 of common shares during the year. Prepare an income statement for the year ended July 31, 2018 FLINT CORPORATION Income Statement Prepare a statement of changes in equity for the year ended July 31, 2018. (If an amount reduces the account balance then enter with negativ FLINT CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity