Prepare the financial statements for the company using regular format (not classified)

A. Income statement

B. Statement of changes in equity

C. Statement of financial position

This is the second year of the company. Last year the company issued $40,000 in share capital.

Tilly Company Adjusted Trial Balance For Year Ended, December 31, 2021 Cash $ 15,000 Accounts receivable 60,000 Allowance for doubtful accounts 10,000 Supplies 5,000 Equipment 30,000 Acc/Dep, equipment 4,000 Accounts payable S 3,000 Wages payable 18,000 Income taxes payable 2,000 Dividends 34,000 Share capital 67,000 Retained earnings 10,000 Sales revenue 100,000 Rent revenue 4,000 Income tax expense 5,000 Accounting expense 3,000 Depreciation Expense 2,000 Wages expense 45,000 Bad debt expense 5,000 $ 204,000 $ 204,000