Question:Please answer P2-4 , from chapter2 for Financial Accounting: Tools for Business ...

for Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below

Additional informations

!-Mbong started the year with 25,000 of common shares and issued 8,200 more during the year

2- $1,500 of the bank loan payable is due to be repaid within the next year

instructions

(a)prepare an income statement ,statement of change of equity ,and statement of financial position for the year

(b) Explain how each financial statement is related to others