c)  Prepare the company’s functional-form Income Statement for the fiscal year ended September 30, 2020.  d)Prepare the company’s Statement of Changes in Equity for the fiscal year ended September 30, 2020.  e) Prepare the company’s report form Statement of Financial Positionas of September 30,2020.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is