From the following information for Canner Company, create a Statement of Changes in Equity (5 pts) for year ended December 31, 2017, and Income Statement (5 pts)

Cash $6,400

Common Shares, Nortel Enterprise 10,200

Supplies 3,600

Prepaid expenses 800

Equipment 18,000

Accumulated Amortization, equipment 3,000

Building 90,000

Accumulated Amortization, building 9,000

Land 28,500

Accounts payable 2,500

Interest payable 1,400

Rent payable 200

Wages payable 1,180

Propery taxes payable 2,330

Unearned professional fees 650

Long-term notes payable 32,000

Joe Canner, capital 91,800

Joe Canner, withdrawal 6,000

Professional fees earned 47,000

Rent earned 3,600

Dividends earned 500

Interest earned 1,120

Amortization expense, building 2,000

Amortization expense, equipment 1,000

Wages expense 17,500

Interest expense 1,200

Insurance expense 1,425

Rent expense 1,800

Supplies expense 900

Postage expense 310

Property taxes expense 3,825

Repairs expense 579

Telephone expense 421

Utilities expense 1,820