Use the following information A. Prepare, in good form, an income statement, a statement of changes in equity, and a statement of financial position for Fox Industries Ltd. for the month ended December 31, 2020. Include heading for each statement. B. Prepare closing entries Account Accounts Payable Accounts Receivable Bank loan payable Cash Common shares( January 1, 2020) Dividends declared Utilities expense Insurance expense Land Retained earnings, January 1, 2020 Revenues Salaries expense Supplies Common shares issued in 2020 Balance $14,750 10,500 68,000 93,800 80,000 9,250 15,000 17,100 105,250 17,725 86,425 25,000 5,800 14,800 Statement of changes in Equity for the month ended December 31, 2020 Statement of Financial Position 10 marks Closing Entries 8 marks Closing entries Debit Credit