Question: Using the information from Problem 4A, prepare an income statement and a statement of changes in equity for the year ended December 31, 2014, and

Using the information from Problem 4A, prepare an income statement and a statement of changes in equity for the year ended December 31, 2014, and a classified balance sheet at December 31, 2014.
There were no investments by the owner during the year.
Analysis Component:
MY Auto body experienced a loss during 2014. If you were one of the business's creditors, should this loss cause you to be concerned about being paid in 2015?
In Problem 4A

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