Zhao Company began operations when it acquired $25,500 cash from the issue of common stock on January 1, 2014. The cash acquired was immediately used to purchase equipment for $25,500 that had a $4,300 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $4,780 cash. Zhao uses straight-line depreciation. 2014 2015 2016 2017 2018 Revenue $7,650 $8,150 $8,350 $7,150 $0 Required Prepare an income statements for each of the five years. (Loss amounts should be indicated with a minus sign.) ZHAO COMPANY Income Statement For the Year Ended December 31 2015 2016 2017 2018 2014 0 0 0 Operating income (loss) Net income (loss) Prepare a statements of changes in stockholders' equity for each of the five years. ZHAO COMPANY Statements of Changes in Stockholders' Equity For the Year Ended December 31 2015 2016 2017 2018 2014 Beginning common stock 0 0 0 0 Ending common stock Beginning retained earnings Net income (loss) 0 0 0 0 Ending retained earnings S s Total stockholders' equity