These items are taken from the financial statements of Cullumber Corporation for the year ended December 31, 2021:

Retained earnings, January 1		$214,500
Cash		12,400
Salaries payable		3,000
Utilities expense		2,000
Equipment		61,000
Accounts payable		14,500
Buildings		66,000
Common shares		36,700
Dividends declared		4,000
Service revenue		214,900
Prepaid insurance		1,500
Repairs and maintenance expense		3,300
Land		166,500
Depreciation expense		5,700
Accounts receivable		14,700
Insurance expense		2,700
Salaries expense		124,300
Accumulated depreciationequipment		15,600
Income tax expense		6,000
Supplies		200
Operating expense		39,400
Supplies expense		1,000
Bank loan payable, due 2024		15,500
Trading investments		21,000
Accumulated depreciationbuildings		18,000
Interest expense		1,500
Interest revenue		500

Additional information:

1.	Cullumber started the year with $33,000 of common shares and issued $3,700 more during the year.
2.	Cullumber must pay $1,500 of the bank loan payable next year in 2022

a/ Prepare an income statement for the year.

B/ Prepare a statement of changes in equity for the year. (If an amount reduces the account balance then enter amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

C/Prepare a statement of financial position for the year. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)