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Question 16 (28 points) Saved Please use the adjusted year-end trial balance and additional information...

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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 Regency Delivery Inc (a) Statement of Income (7 marks) (b) Statement of Changes in Equity (8 marks) (c) Classified Statement of Financial Position (13 marks) Credit Regency Delivery Inc. Adjusted Trial Balance April 30, 2020 Debit Cash 23,000 Prepaid Insurance 38,000 Vehicles 273,000 Accumulated depreciation Vehicles Salaries payable Mortgage payable Common shares Retained earnings Dividends declared 15.000 Service revenue Depreciation expense 6,825 income tax expense 63,000 General and administrative expense 66,000 Total 484 825 $68,250 33.000 73 000 73.000 14,575 223 000 $484,825 Additional Information $15,000 Dividends were declared and paid during the year 5,000 Common shares were issued for $35,000 $15,000 of the mortgage is due in October, 2021

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