a statement of changes in equity for Tree Inc. for the year ended December 31, 2020 (10 marks) a balance sheet (statement of financial position) for Tree Inc. at December 31, 2020 (32 marks) There is a separate grid below for each of the two statements. There are extra rows in each grid. You can click on a grid to make the grid larger on your screen. 2,000 5,000 6,000 3,000 8,000 Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common shares* Dividends Equipment Loan payable" Retained earnings, January 1 Salaries payable Total 2,000 72,000 18,000 4,000 1,000 * Additional information 1. Common shares of $3,000 were issued during the year. 2. $3,000 of the loan payable must be paid in 2021. 3. Net income for the year is $43,000. Birch Inc. Statement of Changes in Equity for the year ended December 31, 2020 Retained Common Shares Earnings Beginning balance Ending balance Birch Inc. Balance Sheet December 31, 2020 ASSETS Current Assets: Total current assets Capital Assets: Total assets LIABILITIES Current liabilities: Total current liabilities Long-term liability: Total liabilities SHAREHOLDERS' EQUITY Total shareholders' equity Total liabilities and shareholders' equity