The lowing are closing a balance for Master Inc, a manufacture of metal ting, December 31, 2015 Click the Konto view the predning blanca) being the year the compaw duced and post $270,000 dividends and coved shares to proceeds 220,000 Heid 3 Requirementa. Prepare a good fom, a mutup Income statement that includes olevant hot with operating expenses inted by the han for the year ended December 31, 2019. pwes or a minus sign for under to be subtracted) Mustang X Pre-closing trial balance Incoment For the year anded Ducenter 11.2019 8 9.821 000 Accounts payable 525.000 Accounts receivable $ 1360.000 Acumulated operion 6.300.000 Cash 70.000 Con 700.000 Depreciation 10.000 Inco belor income taxe Income to Do 20.000 154200 The folowing in a pre-desing trial balance for Master Inc a matter of metaling as December 31, 2019 Click the icon to view the pre design balance During the year, the company declared and paid $270.000 dividends and used shares for proceeds of 1220,000 ries 21.000 Pre-closing trial balance Income DOP Inco before interest and taxes Income before com 20.000 154,200 7.500 357.000 613,000 5.350.000 12,500.000 1.730.000 509.000 5.218.000 5,821.000 23.525,000 5 23.525.000 income tax expense income tax income from DO interest expany Inventor Longe debit Panduan Raw materiale Retained earrings Sales and wages S Total Incarnation operation Requirement b. Prepare, in good form, a statement of changes in equity for the year ended December 31, 2019 5 00-d.continued operations Pre-closing trial balance 20.000 154200 7 000 Malisco Requirements. Prepare, in good fomment of changes in equity for the year ended December 31, 2019 fue parents Masline Solanges in For the year December 31, 2019 Common Retained Shares warnings Balanc, January 1, 2019 Nein Sh Die derd Balance December 31 2019 357000 546.000 Income from Income taxe locom lax on come Interest expense os Long Patament Raised Find Sales and wager 5.350 000 12.500.000 1.730,000 309 21000 9,81000 2525.000 Total 5 23.525.000 "Docted operation