Question 1: (12 marks) topic 6 Sara Smith established a small business that began operations early in July 2021. On 30 June 2022, records showed the following asset, liability. equity, income and expense amounts: Accounts receivable 3 35 UL"! Sara Smith. Capital $61 000 Rent expense 0 Electricity expense 7 500 Cash at bank 13 500 Telephone expense 4 500 Supplies expense 11 500 Advertising expense 13 000 Accounts payable 5 500 Insurance expense 2 000 Service revenues 10 500 Wages expense 45 000 Supplies 150 OD Drawings 2B 000 Equipment 0 12 000 45 L100 Required at. Prepare an income statement for Kangaroo Ltd for the year ended 30 June 2022. b. Prepare a balance sheet as at 30 June 2022. c. Prepare a statement of changes in equity for 2022. Show the Emma Daws capital at the end of the financial year. (12 marks)