Harold Cooper started Global Filter Corplast year for the first few months of the company's It (through only the accounting records were maintained by an outside bookkeeping service According to those records the share capital balance was $110,500 as of April 30 To save on expenses Harold decided to keep the records himself. He managed to record May's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow Global Fiter Corp Income Statement For Month Ended May 31, 2014 Revenues Issuance of shares 52.000 Consulting Revenue Earned 110.500 Property Taxes Payable 36.500 Interest Earned 32 000 Total revenues Expenses Retardas 150 000 Interest Expense 31.500 Supples 3 500 Total expenses Netloss 231.000 204 000 63000 Assets Land Insurance Expense Notes Receivable Short Term Notes Payable Global Filter Corp Balance Sheet May 31 2014 Liabilities 262 500 Uneamed Revenue 22,500 Rent Earned 273,500 Interest Payable 57.000 Total liabilities 38.000 74.000 14.000 126.000 Equity Share Capital Total liabilities and equity Total assets 615,500 489.500 615 500 Using the information contained in the original financial statements propare revised statements, including a statement of changes in equity for the month of May selectory Income Statement (select one x . (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X x (select one) Balance Sheet (select one) X X X X tttt FT + X X X X + Harold Cooper started Global Filter Corplast year for the first few months of the company's It (through only the accounting records were maintained by an outside bookkeeping service According to those records the share capital balance was $110,500 as of April 30 To save on expenses Harold decided to keep the records himself. He managed to record May's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow Global Fiter Corp Income Statement For Month Ended May 31, 2014 Revenues Issuance of shares 52.000 Consulting Revenue Earned 110.500 Property Taxes Payable 36.500 Interest Earned 32 000 Total revenues Expenses Retardas 150 000 Interest Expense 31.500 Supples 3 500 Total expenses Netloss 231.000 204 000 63000 Assets Land Insurance Expense Notes Receivable Short Term Notes Payable Global Filter Corp Balance Sheet May 31 2014 Liabilities 262 500 Uneamed Revenue 22,500 Rent Earned 273,500 Interest Payable 57.000 Total liabilities 38.000 74.000 14.000 126.000 Equity Share Capital Total liabilities and equity Total assets 615,500 489.500 615 500 Using the information contained in the original financial statements propare revised statements, including a statement of changes in equity for the month of May selectory Income Statement (select one x . (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X x (select one) Balance Sheet (select one) X X X X tttt FT + X X X X +