The following is a partial trial balance for Pluto, a public company, for the year ended December 31, 2017. Each item has its normal debit or credit balance, but the total does not equal to zero as it is a partial trial balance.

Accounts receivable ......................................................................  $100,000
Sales .............................................................................................    250,000
Prepaid expenses .........................................................................      45,000
Equipment, net (note 1) ................................................................      60,000
Cost of goods sold ........................................................................    150,000
Accounts payable .........................................................................      65,000
Investments classified as fair value through other .......................      90,000
comprehensive income (FVOCI) (note 2)                                                      
Common shares ............................................................................      80,000
Unearned revenue .........................................................................      12,000
Retained earnings, January 1, 2017 ..............................................      50,000
Discount on bonds payable ............................................................        8,000
Cash ...............................................................................................      22,000
Correction of error (note 3) .............................................................      35,000
Bonds payable, due January 1, 2023 ..............................................   120,000
Loss on discontinued operations .....................................................     25,000
Net income (note 4) ..........................................................................             ?

Notes:

1. The machinery is net of accumulated depreciation of $25,000.
2. The balance in the investments represents the original cost at the date of acquisition (January 1, 2017). As of December 31, 2017, none of these investments had been sold and market value was $120,000.
3. During 2016, a patent of Pluto’s expired. The related write down of $35,000 was subsequently recorded in March 2017.
4. Ignore income taxes for this question. Because only a partial trial balance is provided, net income cannot be directly calculated. It should be plugged in to make the financial statements balance.

Required:
Prepare a balance sheet as at December 31, 2017, and a statement of changes in equity for the year then ended, in good form and using appropriate terminology.