the second part

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Question 2 Yemindi was raised on a farm in the Northern Territory. While in high school, he was an active member of the local rural youth dub and raised several prize animals that he sold at auction at state and local shows. He saved his earnings and by the time he finished secondary school, Yamandi had early 14,900 in a saccount. He was undecided whether to go on to tertiary education or use his savings in a business venture. Because of his love for animals, he believed he could successfully operate aptarse store and decided to use the summer months as a trial During the month of October 2010. Yaninde located a small building that he could rent for $100 per month Alter transferring 52,000 from his savings account to a business bank account in the name of Pet Warehouse, he paid cash out of the account for rent and the purchase of supplies. Although he wou keep a full set of counting records, he decided to deposit all receipts from ales into the bank account and to make payments by direct de o of the account. In this way he would have a relatively complete record of the activities. Yamindi ako keday work book in which he recorded all sales to customers On 1 November, Yamini ned his warehouse to the ph During the first this busy wly inary he needed to make a decision on continuing the operation of the business or to enrol for the fast semester at wwerdy to help him make this important de Yanindi reviewed bacon daily sales book to determine how well he had done. The review disclosed the 1. Total cost deposited in continuing the in$2,000 deposit) was 58.700 2. The daily work to showed that on 31 January customers owed him $1,040 for goods supplied, which expected to collect during February 3. Direct debit hoc the account for (a) Rent payments, 100 for the month of November to February (b) The purchase of grooming opment, 54,190. The equipment Cort 14.550 and and still on the 60 on the purchase. (c) Grooming supplies, $710. Yamini estimated that the cost of grooming supplies on 31 January was $70, (d) The payment of electricity bills for the months of November and December 1630. He had just recewed his bill for the month of January for the amount of $350, but had not yet paid it (e) Advertising paid, 51,16 1) Withdrawals made by mind to pay for personal expenses, $1,250. d. ZYour answer has been saved and sent for grading. See Gradebook for score details. Prepare an income statement for Yamindi's Pet Warehouse for the 3-month period from 1 November 2019 to 31 January 2020. Yamindi's Pet Warehouse Income statement for the three months ended 31 January 2020 Income Sales revenue 6840 $ Expenses Rent expense 300 Supplies expense 640 Electricity expense 7 980 Advertising expense 1196 3116 Profit 3724 Prepare a balance sheet as at 31 January 2020 and a statement of changes in for the month period. (List Wes that increase statement of changes in equity first layout your balance sheet in the account format) Yamini's Pet Warehouse Statement of changes in equity for the three months ended 31 January 2020 Yamini's Pet Warehouse Balance sheet as at 31 January 2020 Liabilities Equity Yamindi's Pet Warehouse Statement of changes in equity for the three months ended 31 January 2020 Yamindi's Pet Warehouse Balance sheet as at 31 January 2020 Liabilities Assets Equity Privacy Policy c) 2000.00 t Time: Yamindi's Pet Warehouse Balance sheet as at 31 January 2020 Liabilities Assets Equity