Question: Please answer a, b and c. Dylex Corporation began operations on May 1, 2022. Its adjusted account balances at April 30, 2023 are shown below.

Please answer a, b and c.

Please answer a, b and c. Dylex Corporation began
Dylex Corporation began operations on May 1, 2022. Its adjusted account balances at April 30, 2023 are shown below. Use this information to prepare the following: a. Income statement for the year ended April 30 b. Statement of changes in equity for the year ended April 30. c. Classified balance sheet at April 30. Account Balance (select one) Accounts receivable 12, 110 Income Statement Accumulated depreciation, building 1,600 (select one) Accumulated depreciation, trucks 540 + + + X Building 15,870 Cash 3,880 12,560 X X X X Commissions earned Consulting revenue earned 13,310 Copyright 5,620 Depreciation expense, building 1,600 Depreciation expense, trucks 540 Dividends 2,760 Interest earned 1,270 Interest expense 1,910 Interest receivable 1,330 Land 12, 190 Long-term notes payable 7,420 Long-term investment in shares 15,270 Mortgage Payable (due May, 2031) 12, 190 (select one) Patents 5,030 Statement of Changes in Equity Property taxes expense 5,850 (select one) Property taxes payable 3,820 Share Retained Total Rent earned 7,050 Capital Earnings Equity Rent expense 10,670 X K + Rent payable 7,220 X - K+ Share capital 17,410 X K + Short-term notes payable 11,070 Trucks 4,760 Unearned rent 3,930

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