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Please use the adjusted year-end trial balance and additional information provided below to complete the following financial statements in good form for Fit Stop Personal Training Inc.

Credit Fit Stop Personal Training Inc Adjusted Trial Balance August 31, 2020 Debit Cash 12 000 Prepaid Insurance 27.000 Equipment 262.000 Accumulated depreciation Equipment Salanes payable Bank Loan payable Common shares Retained earings Dividends declared 12.000 Service revenue Depreciation expense 6,550 Income tax expense 52.000 General and administrative expense 55 000 Total S428 550 $65,500 22.000 62,000 62.000 3.050 212.000 S426550 Additional Information: $12,000 Dividends were declared and paid during the year 5,000 Common shares were issued for $21.000 $12,000 of the bank loan is due in Fobruary 2021 Question 16 (28 points) Saved Please use the adjusted year-end trial balance and additional information provided below to complete the following financial statements in good form for Fit Stop Personal Training Inc (a) Statement of Income (7 marks) (b) Statement of Changes in Equity (8 marks) (c) Classified Statement of Financial Position (13 marks) Credit Fit Stop Personal Training Inc Adjusted Trial Balance August 31, 2020 Debit Cash 12.000 Prepaid Insurance 27000 Equipment 262.000 Accumulated depreciation Equipment Salaries payable Bank Loan payable Common shares $65,500 22.000 62,000 62 000 3.050

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