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The following financial statement was prepared from the records of Laberge Sheathing Inc. for the eightmonth period ended August 31, 2019. Laberge Sheathing Inc. Financial

The following financial statement was prepared from the records of Laberge Sheathing Inc. for the eightmonth period ended August 31, 2019. Laberge Sheathing Inc. Financial Statement For the Eight Month Period Ended August 31, 2019 Cash $ 400 Accounts payable $ 7,800 Accounts receivable 3,800 Common stock 3,200 Unused supplies 100 Service revenue 6,000 Equipment 8,700 Advertising expense 300 Interest expense 500 Maintenance expense 475 Supplies expense 125 Wages expense 2,000 Dividends 600 $17,000 $17,000 Required: 1. When is the corporations likely fiscal yearend? 2. Prepare an income statement and statement of changes in equity for the eightmonth period ended August 31, 2019. 3. Prepare a balance sheet at August 31.

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