The following information relates to YogaGuru for the year ended 30 June 2020.

Prepaid rent	14,500
Accounts payable	52,700
Electricity expense	7,500
Unearned revenue	11,600
Wages payable	12,500
Accumulated depreciation- Equipment	8,600
Capital	?
Rent expense	32,000
Cash at bank	75,800
Wages expense	135,400
Supplies	3,900
Service revenue	282,600
Bank Loan (due in 2025)	38,000
Accounts receivable	7,500
Drawings	4,000
Equipment	235,200
Depreciation expense-Equipment	8,600

Required: Prepare an Income Statement (6 marks), a fully classified Balance Sheet in narrative format (12 marks) and a Statement of Changes in Equity (4 marks) for the year ended 30 June 2020 for YogaGuru.

Income Statement:

Fully narrative Balance Sheet:

Statement of Changes in Equity