The following represents the adjusted trial balance of Nicholas Kent Architects as at 30 June 2021.

Nicholas Kent Architects

Adjusted Trial Balance

30 June 2021

Account	Debit $	Credit $
Cash at Bank	$59,700
Sales Revenue		98,900
Loan Payable to ABC Bank due on 31 December 2023		25,000
Capital - N. Kent at 1 July 2020		41,300
Revenue Received in Advance		4,200
Rent expense	22,000
Wages Payable		4,800
Office Equipment	60,000
Drawings N. Kent	15,000
Depreciation Expense	6,000
Interest Revenue		4,000
Cleaning expense	8,700
Accounts Payable		10,400
Wages expense	15,100
Accumulated Depreciation Office Equipment		12,000
Accounts Receivable	14,100
Total	200,600	200,600

Required:

a) Prepare a Statement of Profit and Loss for the year ending 30 June 2021 (7 marks)

b) Prepare a Statement of Changes in Equity for the year ending 30 June 2021 (3 marks)