The following items are taken from the financial statements of KON Inc. (HR consulting service company) for its first fiscal year ended December 31, 2019:

Service Revenue	$61,000	Advertising Expense	$1,600
Cash	$15,000	Common Shares (share Capital) Jan 1, 2019	$0
Depreciation Expense	$1,000	Dividends	$5,000
Note Payable	$70,000	Prepaid Insurance	$6,000
Rent Expense	$12,400	Retained Earnings Jan 1, 2019	$0
Salaries Expense	$30,000	Salaries Payable	$3,000
Insurance Expense	$2,400	Accumulated Depreciation, Video Equip	$10,000
Video Equipment	$210,000	Income Tax Expense	$3,000

Instructions: From the above accounts use ONLY the accounts that you need and

(A) Prepare an Income Statement, in good form for 2019

(B) Prepare a Statement of Changes in Equity for 2019

Additional Information: During 2019, the company Issued New Common Shares for $10,000