Question 1 [50 points] ABC Inc. began operations on March 1, 2013. Its adjusted account balances at February 28, 2014 are shown below. Use this information to prepare the following: a. Income statement for the year ended February 28. b. Statement of changes in equity for the year ended February 28. c. Classified balance sheet at February 28. (select one) Income Statement (select one) Account Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, trucks Cash Commissions earned Consulting revenue earned Copyright Depreciation expense, equipment Depreciation expense, trucks Balance 3,340 6,910 790 1,840 3,520 8,970 11,060 2,330 790 1,840 X X X X X miyidanda 4 con Depreldlull, equipment Accumulated depreciation, trucks Cash Commissions earned Consulting revenue earned Copyright Depreciation expense, equipment Depreciation expense, trucks Dividends Equipment Interest expense Land Long-term notes payable Long-term investment in shares Mortgage Payable (due March, 2017) Rent earned Rent expense Rent payable Share capital Trademark Trucks 790 1,840 3,520 8,970 11,060 2,330 790 1,840 1,880 3,260 3,720 15,110 5,550 9,470 17,650 5,710 7,850 3,920 12,550 5,880 8,820 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X X X Capital Earnings Equ Rent payable Share capital Trademark Trucks 1,850 3,920 12,550 5,880 8,820 (select one) Balance Sheet (select one)