Current Attempt in Progress On October 1, 2024, Sheffield Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at October 31 follow: {:[" Utilities expense ",$2","100],[" Service revenue ",38","350],[" Accounts receivable ",8","700],[" Interest expense ",2","900],[" Salaries expense ",3","850],[" Vehicles ",48","000],[" Accounts payable ",7","900],[" Income tax expense ",1","700],[" Supplies ",4","500],[" Dividends declared ",7","300],[" Common shares ",34","950],[" Cash ",21","250],[" Bank loan payable ",27","000],[" Repair and maintenance expense ",5","900],[" Supplies expense ",2","000]:} (a1) Your answer is correct. Prepare a statement of income for the month of October. (a2) Prepare a statement of changes in equ

On October 1, 2024, Sheffield Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at October 31 follow: (a1) Your answer is correct. Prepare a statement of income for the month of October. (a2) Prepare a statement of changes in equity for the month of October