(Solved): please help me prepare a statement of changes in equity Prepare a statement of changes in equity. ...

Prepare a statement of changes in equity. Lily records adjustments monthly. Adjustment data for the month of August are as follows: 1. One month's worth of advertising services have been received. 2. The August rent has expired. 3. Accrued salaries payable are \( \$ 1,470 \). 4. Depreciation for the month is \( \$ 185 \). 5. Supplies on hand at August 31 are \( \$ 1,020 \). 6. Services were performed to satisfy \( \$ 720 \) of Deferred revenue. 7. One month of interest income related to the \( \$ 4,000 \) note receivable has accrued. The note was issued on fune 30 and is due October 31 and has a \( 6 \% \) annual interest rate. Interest is duc at maturity. 8. Income tax of \( \$ 300 \) is estimated to be owed for the month of August.