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

These accounts and balances are taken from the financial statements of Bramble Corporation for the year ended December 31, 2022. Retained earnings, January 1 $32,500 Utilities expense 2,200 Equipment 80,500 Accounts payable 18,700 Income tax payable 4,900 Cash 12,900 Salaries payable 3,000 Common shares, January 1 13,000 Dividends declared 10,000 Service revenue 70,500 Prepaid insurance 8,500 Repair and maintenance expense 5,400 Depreciation expense 5,000 Accounts receivable 4,700 Insurance expense 3,400 Salaries expense 37,000 Income tax expense 8,000 Accumulated depreciation equipment 24,100 Bramble issued $10,900 of common shares during the year. Prepare an income statement for the year ended December 31, 2022. BRAMBLE CORPORATION Income Statement For the Year ended December 31, 2022 Revenues Service Revenue $ 70500 Expenses Utilities Expense $ 2200 Repairs and Maintenance Expense 5400 Depreciation Expense 5000 Insurance Expense 3400 Salaries Expense 37000 Total Expenses 53000 Income Before Income Tax 17500 Income Tax Expense 8000 Net Income /(Loss) $ 9500 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).) BRAMBLE CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ $ $ $ $ $ Prepare classified statement of financial position at December 31, 2022. (List Current Assets in order of liquidity.) BRAMBLE CORPORATION Statement of Financial Position Assets $ $ $ I. ... Liabilities and Shareholders' Equity $ $ $