These accounts and balances are taken from the financial statements of Monty Corporation for the year ended December 31, 2022.

Retained earnings, January 1		$31,000
Utilities expense		200
Equipment		75,000
Accounts payable		13,700
Income tax payable		2,400
Cash		13,400
Salaries payable		3,000
Common shares, January 1		13,000
Dividends declared		8,000
Service revenue		75,000
Prepaid insurance		6,500
Repair and maintenance expense		3,000
Depreciation expense		5,100
Accounts receivable		7,700
Insurance expense		3,500
Salaries expense		35,000
Income tax expense		6,900
Accumulated depreciation-equipment		17,100

Monty issued $9,100 of common shares during the year. Prepare an income statement for the year ended December 31, 2022.

MONTY CORPORATION Income Statement For the Month Ended December 31, 2022For the Year ended December 31, 2022December 31, 2022
Retained Earnings BeginningRetained Earnings EndingIncome Before Income TaxRevenuesExpensesTotal ExpensesNet Income / (Loss)
		$
Income Before Income TaxRetained Earnings BeginningRetained Earnings EndingRevenuesNet Income / (Loss)Total ExpensesExpenses
	$
Retained Earnings EndingTotal ExpensesExpensesRevenuesRetained Earnings BeginningIncome Before Income TaxNet Income / (Loss)
RevenuesNet Income / (Loss)ExpensesTotal ExpensesRetained Earnings EndingRetained Earnings BeginningIncome Before Income Tax
Net Income / (Loss)Total ExpensesIncome Before Income TaxExpensesRetained Earnings EndingRetained Earnings BeginningRevenues		$

Prepare an a statement of changes in equity for the year ended December 31, 2022. (If an amount reduces the account balance then enter with negative sign e.g. -45 or parentheses e.g. (45).)

MONTY CORPORATION Statement of Changes in Equity For the Year ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022
		Common Shares		Retained Earnings		Total Equity
Dividends DeclaredIssued Common SharesBalance, Dec. 31Balance, Jan. 1Net Income / (Loss)		$		$		$
Net Income / (Loss)Balance, Jan. 1Dividends DeclaredBalance, Dec. 31Issued Common Shares
Dividends DeclaredBalance, Jan. 1Issued Common SharesBalance, Dec. 31Net Income / (Loss)
Net Income / (Loss)Balance, Jan. 1Dividends DeclaredIssued Common SharesBalance, Dec. 31
Dividends DeclaredIssued Common SharesBalance, Dec. 31Net Income / (Loss)Balance, Jan. 1		$		$		$

Prepare classified statement of financial position at December 31, 2022. (List Current Assets in order of liquidity.)