Question: Prepare a statement of changes in equity.

TOBIQUE LTD. Adjusted Trial Balance August 31, 2018 Debit Credit Cash 3,950 Accounts Receivable 6,060 Prepaid Advertising 180 Supplies 1020 Notes Receivable 4000 Interest Receivable 40 Equipment 11110 Accumulated Depreciation - Equipment 2035 Accounts Payable 32701 Salaries Payable 1470 Income Tax Payable 300 Unearned Revenue 1330 Common Shares 11400 M Retained Earnings 5950 M Dividends Declared 530 M Service Revenue 8930 M Interest Revenue 20 M Salaries Expense 5990 M Rent Expense 340 Supplies Expense 820 Depreciation Expense 185 Income Tax Expense 300 Tadvertising Expense 180 Service Revenue 8930 Interest Revenue 20 Salaries Expense 5990 Rent Expense 340 Supplies Expense 820 Depreciation Expense 185 Income Tax Expense 300 > Advertising Expense 180 34705 34705 TOBIQUE LTD. Income Statement Month Ended August 31, 2018 Revenues Service Revenue 8930 Interest Revenue 201 Total Revenue 8950 Expenses Salaries Expense 5990 Rent Expense 340 Supplies Expense 820 Depreciation Expense 185 Advertising Expense 180 Kent Expense 340 Supplies Expense 820 Depreciation Expense 185 Advertising Expense 180 Total Expenses 7515 Income Before Income Tax 1435 Income Tax Expense 300 Net Income 1135 (f2) Prepare a statement of changes in equity. TOBIQUE LTD. Statement of Changes in Equity Month Ended August 31, 2018 Common Shares Retained Earnings Total Equity $