Question 5 of 7 6.67 / 20 View Policies Show Attempt History Current Attempt in Progress These items are taken from the financial statements of Sunland Corporation for the year ended December 31, 2021: Retained earnings, January 1 Cash Salaries payable Utilisexpense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense Land Depreciation expense Type bere to see $215,000 11.900 3,000 2.000 59,500 14,000 63,000 36,200 4,000 212.900 1.500 2.800 74500 6200 Question 5 of 7 6.67 / 20 Land Depreciation expense Accounts receivable Insurance expense Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2024 Trading investments Accumulated depreciation-buildings Interest expense Interest revenue 174,500 6,200 14,200 2.700 121,300 19,600 6,000 200 39.400 1,000 15,000 21.000 16,500 1500 500 Additional information: 1. Suntand started the year with $33,000 of common shares and issued 53 200 more during the year 2 Sunland must pay $1.500 of the bank loan payable next year in 2022 here to search FI o @ 09 ENG Question 5 of 7 6.67 / 20 MOTORES (a1) Your answer is correct. Prepare a statement of income for the year. SUNLAND CORPORATION Statement of Income For the Year Ended December 312001 Revenues Service Revenue 212900 Interest Revenue 500 Total Revenue 213400 e to search 00 ING Question 5 of 7 6.67 / 20 Total Revenues 213400 Eldenses salaries Expense 1213001 Operating Expense 39400 i Utilities Expense 2000 1 Repairs and Maintenance Expense 28001 Depreciation Expense 6200 i Insurance Expense 27001 Supplies Expand 1000 i Interest Expense 1500 Total Expenses 176900 Income Before Income Tax 36500 Income Tax Exe 001 ere to search A ENG Question 5 of 7 6.67/20 (az) Prepare a statement of changes in equity for the year. (If an amount reduces the account balance then enter amounts using either a negative sign preceding the number es. -45 or parentheses es. (453 SUNLAND CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity S Touch Media to search o 1 600 ENG