Using the information provided on the Account Information sheet complete the following Financial Statments for Reed Geophysical Inc. for 2018 1. Statement of Income 2. Statement of Comprehensive Income 3. Statement of Changes in Equity 4. Statement of Financial Position Reed Geophysical Inc. Statement of Income For the year ended December 31, 2020 Revenue Cost of sales Purchases this should be subtracted (7,500,000) Gross Profit Other income Expenses Administrative expenses Distribution costs Total Finance costs Total Profit before taxes Income tax expense Profit for the year 1,750,000 600,000 Reed Geophysical Inc. Statement of Comprehensive Income For the year ended December 31, 2020 ( in S ) Profit for the year Other comprehensive income/loss Change in currency Translation Decrease in property valuation Total other comprehensive income/loss for the year Total Comprehensive income A B C D Statement of Changes in Equity For the year ended December 31, 2020 (in \$) 2020 2019 Share Capital Balance at beginning of year Common shares issued Balance at end of year Contributed Surplus Balance at beginning of year 12. Stock option compensation 13 Balance at end of year 14 Retained Earnings 15 Balance at beginning of year 16 Profit applicable to common share holders 17 Dividends paid 18 Balance at end of year 19 Total Other Comprehensive Income/Loss for the year 20 Balance at beginning of year 21 Change in currency translation 22 Change in property revaluation 23 Balance at end of year 24 Total Equity The previous year ending balance is equal to the next year beginning balance. Or reverse you have the balance for either the ending or begining-therefore complete as required. Please keep in mind that if you have the Totals for the account categories.You should enter amounts for the unknown account balances to dermonstrate that the values will equate to the total given. You know the totel assests is $16,500 so therefore enter amounts for the unknown accounts-da not legve anything blonk is ionq as the Non current assets and current assets equal the total Assets. You should also apply some basice accounting knowledge in that your current assests such as cash, receiveables should not be as high as you fixed asserts such as Property Plant and Equipment or non-current assets. You do not likely have more money in your Bank account than what your home or Building is valued at. Therefore the Noncurrent assets should be a higher value than the current assets. nember the Basic Accounting Equation States ETS = LIABILTIES + EQUITY Therefore the amount in Cell C40 should equal the amount in Ce Using the information provided on the Account Information sheet complete the following Financial Statments for Reed Geophysical Inc. for 2018 1. Statement of Income 2. Statement of Comprehensive Income 3. Statement of Changes in Equity 4. Statement of Financial Position Reed Geophysical Inc. Statement of Income For the year ended December 31, 2020 Revenue Cost of sales Purchases this should be subtracted (7,500,000) Gross Profit Other income Expenses Administrative expenses Distribution costs Total Finance costs Total Profit before taxes Income tax expense Profit for the year 1,750,000 600,000 Reed Geophysical Inc. Statement of Comprehensive Income For the year ended December 31, 2020 ( in S ) Profit for the year Other comprehensive income/loss Change in currency Translation Decrease in property valuation Total other comprehensive income/loss for the year Total Comprehensive income A B C D Statement of Changes in Equity For the year ended December 31, 2020 (in \$) 2020 2019 Share Capital Balance at beginning of year Common shares issued Balance at end of year Contributed Surplus Balance at beginning of year 12. Stock option compensation 13 Balance at end of year 14 Retained Earnings 15 Balance at beginning of year 16 Profit applicable to common share holders 17 Dividends paid 18 Balance at end of year 19 Total Other Comprehensive Income/Loss for the year 20 Balance at beginning of year 21 Change in currency translation 22 Change in property revaluation 23 Balance at end of year 24 Total Equity The previous year ending balance is equal to the next year beginning balance. Or reverse you have the balance for either the ending or begining-therefore complete as required. Please keep in mind that if you have the Totals for the account categories.You should enter amounts for the unknown account balances to dermonstrate that the values will equate to the total given. You know the totel assests is $16,500 so therefore enter amounts for the unknown accounts-da not legve anything blonk is ionq as the Non current assets and current assets equal the total Assets. You should also apply some basice accounting knowledge in that your current assests such as cash, receiveables should not be as high as you fixed asserts such as Property Plant and Equipment or non-current assets. You do not likely have more money in your Bank account than what your home or Building is valued at. Therefore the Noncurrent assets should be a higher value than the current assets. nember the Basic Accounting Equation States ETS = LIABILTIES + EQUITY Therefore the amount in Cell C40 should equal the amount in Ce