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Question 1 (50 points) Holden Corp. began operations 2 years ago. Its adjusted account balances at March 31, 2014 are shown below. Holden Corp. issued shares worth $7,500 during March, 2014. Use this information to prepare the following: a. Income statement for the month ended March 31. b. Statement of changes in equity for the month ended March 31. c. Classified balance sheet at March 31. (select one) Income Statement (select one) Account Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, machinery Advertising expense Advertising payable XDFE XE XEE XE XEEE Automobiles cash Commissions earned w Consulting revenue earned Copyright Depreciation expense, automobiles Depreciation expense, machinery Dividends Interest earned Interest expense Land Long-term notes payable Long-term investment in shares Machinery Mortgage Payable (due December, 2017) Property taxes expense Property taxes payable Rent earned Retained earnings Share capital Balance 5,460 2,650 5,750 11,210 6,660 17,390 2,850 12,220 4,420 *120 7,810 720 CE 1,650 AN 2,840 2,620 11100 1,100 8,990 13,590 12,290 21,220 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 11,590 7,210 x + XEFE 2,080 5,410 13,770 19,980 Balance Sheet XE XE XEE X + (select one) Balance Sheet (select one) X X + X EFE X + XEE