These financial statement items are for Sarasota 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 $5,415 51,780 22,530 32,800 4,485 76,490 8,110 1,800 15,570 27,420 23,580 5,300 4,060 3,990 100 100 1,500 35,060 Sarasota issued $15,430 of common shares during the year. a) Prepare an income statement for the year ended July 31, 2022. SARASOTA CORPORATION Income Statement $ $ Prepare a statement of changes in equity for the year ended July 31, 2022. (If an amount reduces the account balance then enter with negative signe.s. -45 or parentheses e.s. (45).) SARASOTA CORPORATION Statement of Changes in Equity Common Shares Retained Earnings $ $ e Textbook and Media Acco SARASOTA CORPORATION Income Statement $ ent of changes in equity for the year ended July 31, 2022. (If an amount reduces the ce then enter with negative signe.s. -45 or parentheses e.s. (45).) SARASOTA CORPORATION Statement of Changes in Equity mon Shares Retained Earnings Total Equity $ and Media