Question: Simranjit Kaur Cubic Storage Adjusted Trial Balance Use the Adjusted Trial Balance to answer the following questions. a) Prepare an income statement for the year

Simranjit Kaur Cubic Storage Adjusted Trial Balance Use the Adjusted Trial

Simranjit Kaur Cubic Storage Adjusted Trial Balance Use the Adjusted Trial Balance to answer the following questions. a) Prepare an income statement for the year ended December 31, 2021. (8 Marks) b) Prepare a statement of changes in equity for the year ended December 31, 2021. Simranjit Kaur's capital account balance of $30,520 consists of a $20,520 balance on January 1,2021 , plus an additional $10,000 investment during 2021. (10 Marks) c) Prepare a balance sheet at December 31, 2021

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