you are required to solve the following question.

Question & Financial statements (10 marks) The Trial Balance for North Cleaners LTD is provided below for the month of February 2020. North Cleaners LTD Trial Balance 29February 2020 Dr. Cr Cash 2,300 Accounts Receivable 4,500 Prepaid Rent 2,800 Supplies 800 Vehicle 16,000 Accumulated Depreciation 600 Accounts Payable 2,000 Interest Payable 200 Salaries Payable 300 Revenue Received in Advance 4,300 Bank Loan 4,000 Share capital 8,500 Retained earnings 3,900 Dividends paid 1,200 Service Revenue 9000 Salaries Expense 1,500 Electricity Expense 500 Rent Expense 1,900 Supplies Expense 500 Depreciation Expense 300 Interest Expense 500 Totals $32.800 $32.800 Required a) Prepare the Profit or Loss Statement (2marks) b) Prepare a Statement of Changes in equity (2 marks)Service Revenue 9000 Salaries Expense 1,500 Electricity Expense 500 Rent Expense 1,900 Supplies Expense 500 Depreciation Expense 300 Interest Expense 500 Totals $32,800 $32,800 Required a) Prepare the Profit or Loss Statement (2marks) b) Prepare a Statement of Changes in equity (2 marks) c) Prepare a classified Statement of Financial Position (also known as a Balance Sheet) (3 marks) d) Discuss the financial position of the business based on the information provided and through the use of liquidity, solvency and profitability ratios (calculate and discussa minimum of threeratios)