The adjusted trial balance of Honeybee Hams Inc. follows.

{Requirement}
Prepare Honeybee Hams's income statement and statement of retained earnings for the year ended December 31, 2020, and its balance sheet on that date. Draw arrows linking the three statements

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1 A Honeybee Hams Inc. Adjusted Trial Balance December 31, 2020 B 2 3 (in thousands of dollars) Adjusted Trial Balance Debit Credit 4 Cash $ 3,300 5 Accounts receivable 1,800 6 Inventories 1,100 7 Prepaid expenses 1,900 8 Capital assets 6,600 9 Accumulated depreciation -$2,400 10 Other assets 9,900 11 Accounts payable 7.700 12 Income tax payable 600 13 Other liabilities 2.200 4557 Share capital 4,900 Retained earnings (December 31, 2019) 4,500 1222 Dividends 17 Sales revenue 18 Cost of goods sold 20 Income tax expense 1,700 41,000 25,000 19 Selling, administrative, and general expense 10,000 2,000 $ 63.300 $ 63,300 D