The account balances presented below are from the financial records of Big Red Dot Inc. as at April 30, 2021. The accounts are presented in alphabetical order and the balances in the accounts are normal balances. Account Balance Accounts payable $18,950 Accounts receivable $15,575 $43,000 Accumulated depreciation - Equipment Accumulated depreciation - Vehicles $49,120 Cash $16,510 Common shares $25,000 Cost of Goods Sold $80,180 Deferred revenue $6,500 Depreciation expense $23,750 Dividends declared $55,000 Equipment $130,000 Income tax expense $12,500 Interest expense $1,300 Insurance expense $7,600 Interest revenue $2,200 $55,000 Mortgage payable (see additional information below) Retained earnings, May 1, 2020 $65,965 $220,130 Revenue Salaries expense $35,000 $8,450 Supplies Vehicles $100,000 Additional information: $80,180 Deferred revenue 32 $6,500 Depreciation expense $23,750 Dividends declared $55,000 Equipment $130,000 Income tax expense $12,500 Interest expense $1,300 Insurance expense $7,600 Interest revenue $2,200 $55,000 Mortgage payable (see additional information below) Retained earnings, May 1, 2020 $65.965 Revenue $220,130 Salaries expense $35,000 Supplies $8,450 Vehicles $100,000 Additional information: $8,000 of the mortgage payable is due to be repaid within the next year. Required: Prepare a multi-step Statement of Income. (7 marks) B. Calculate the balance at year end in retained earnings at April 30, 2021. Clearly show your calculation. (2.5 marks) C. Prepare the Asset section of the classified Statement of Financial Position at yearend. (6.5 marks) A