The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28,2018 Accounts payable 12,600 Income tax payable 4,600 Accounts receivable 26,900 Insurance expense 3,600 Accumulated depreciation-equipment 5,400 Prepaid insurance 2,600 6,300 17,800 Rent expense Cash 10,720 Retained earnings 21,680 Common shares 4,500 Salaries payable 3,350 Depreciation expense 2,000 Salaries expense 45,250 Dividends declared 2,200 24,600 Supplies Equipment 88,600 Supplies expense 4,000 Fees earned 4,900 Utilities expense 2,300 Income tax expense ar ended February 28, 2018, common shares were issued for $5,000. Prepare an income statement for the year OROMOCTO CORPORATION Income Statement Year Ended February 28, 2018 Prepare a statement of changes in equity.(For decreases use either a negative sign preceding the number, eg.-45 or parenthesis, eg. (45)3 OROMOCTO CORPORATION Statement of Changes in Shareholders' Equity Year Ended February 28,2018 Total Equity Retained Earnings Common Shares Prepare a statement of financial position as on February 28,2018. (List Current assets in order of liquidity) OROMOCTO cORPORATION Statement of Financial Position February 28, 2018 Assets Liabilities and Shareholders' Equity