These ledger balances are all normal and were taken from the financial statements of Emax Corp. as at December 31, 2018 (unless otherwise indicated), their financial year end. Interest Revenue $4,100 Depreciation expense $7,000 Utilities Expense 1,900 Accounts Receivable 5,000 Unearned Revenue 2,050 Retained Earnings 160,000 Accounts Payable 24,000 Salaries Expense 25,000 Land 125,000 Accumulated depreciation - equipment 12,000 Cash 43,000 Income tax Expense 7,500 Common shares, Jan 1, 2018 20,000 Supplies 200 Goodwill 11,000 Mortgage Payable 36,650 Service Revenue 93,000 Long-term Investments 22,500 Patents 12,500 Maintenance Expense 3,000 Additional information: i) $5,000 of the Mortgage Payable is due to be repaid within the next year. ii) $13,000 of common shares were issued during the year, prior to December 31, 2018. iii) Original cost of Equipment was $48,500. iv) $3,000 in cash dividends were paid to common shareholders at the end of the year. v) The Retained Earnings balance is a final calculation for the year. a. an Income Statement for the financial year in good form (10 of 20 marks) b. a Statement of Financial Position (balance sheet) as at the end of the year in good form. (10 of 20 marks)