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The adjusted trial balance of Trent Inc. appears below. Using the information from the adjusted trial balance, prepare, for the month ending December 31, 2022:

(a) a statement of income;

(b) a statement of changes in equity; and

(c) a classified statement of financial position.

Trent INC.

Adjusted Trial Balance

December 31, 2022

Debit Credit

Cash ............................................................................................................. $ 6,000

Accounts receivable ........................................................................................ 3,000

Supplies ........................................................................................................... 1,500

Equipment ..................................................................................................... 21,000

Accumulated depreciationEquipment ................................................................... $4,800

Accounts payable ..................................................................................................... 3,850

Deferred revenue ...................................................................................................... 8,000

Common shares........................................................................................................ 12,100

Retained earnings ..................................................................................................... 3,300

Dividends declared .........................................................................................1,600

Service revenue ........................................................................................................ 11,000

Salaries expense ............................................................................................4,000

Supplies expense ..............................................................................................500

Depreciation expense .....................................................................................3,000

Rent expense .................................................................................................2,000

Income tax expense .......................................................................................... 450

$43,050 $43,050

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