These financial statement items are for Pina Colada Corporation for the year end, July 31, 2022. Salaries payable Salaries expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Bank loan payable Common shares, August 1, 2021 Cash Accounts receivable Accumulated depreciation-equipment Dividends declared Depreciation expense Interest expense Interest payable Income tax expense Retained earnings, August 1, 2021 $5,740 51,980 22.780 33,300 4,160 76,130 8,470 1,800 16,220 27,690 15,310 5,800 4,320 3,540 100 100 1,500 27,320 Pina Colada issued $14,780 of common shares during the year. (a) Prepare an income statement for the year ended July 31, 2022. PINA COLADA CORPORATION Income Statement s Prepare a statement of changes in equity for the year ended July 31, 2022. Of an amount reduces the account balance then enter with negative signes.-45 or parentheses es. (45) PINA COLADA CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Eq $ $