These are accounts of ABA Company for the year ended December 31, 2020

a) prepare an income statement for the year ended Dec.31, 2020 b) prepare a statement of changes in equity for the year ended Dec.31, 2020 c) A balance sheet as at December 31,2020

Accounts payable Prepaid insurance Salaries expense Equipment Common shares, January 1, 2020 Repairs expense Wages payable Wages expense Advertising expense Retained earnings, January 1, 2020 Accounts receivable Unearned consulting revenue Cash Insurance expense Income tax expense Consulting revenue Interest expense Supplies Depreciation expense Accumulated depreciation - equipment Bank loan payable Dividends 20,000 24,000 108,000 390,000 4,000 8,000 8,000 40,000 42,000 142,000 18,000 50,000 152,000 30,000 50,000 440,000 4,000 10,000 14,000 70,000 172.000 16,000 Notes: There were no common shares issued or repurchased during the year. The current portion of the bank loan payable was: 29,000