The following account balances are taken from Sherwood Ltd$.\text{'}$s adjusted trial balance at June $30,2020$:

Debit Card

Cash $249300$

Inventory $75000$

Income tax expense $10,700$

Wages expense $165,000$

Account Receivable $140000$

Plant and Equipment $150000$

Office Supplies $800$

Interest expense $37,000$

Office Supplies expenses $650$

Sales discount and returns $6900$

Utilities expense $106,000$

Advertising expense $$125,000$

Cost of goods sold $596,000$

General and administrative expenses $40,000$

Selling expenses $75,000$

Depreciation expense $70,000$

Credit Card

Accumulated Depreciation $-$ Plant and Equip $45000$

Interest revenue $44,000$

Note Payable $8350$

Common Shares $500000$

Sales revenue $$1,250,000$

$18473501847350$

Required

Prepare below written statements for Sherwood Ltd for and as at the year ended June $30,2020$:

$1.$ Income statement

$2.$ Statement of equity change and

$3.$ Statement of financial position.