The following account balances are taken from the books of Century Cinemas on 31 December 2022.

Revenues and expenses are for the year ended 31 December 2022. The retained profits balance is as at 1 January 2022.

$
Accounts receivable 13 450 Accounts payable 13 910 Advertising expense 42 780 Cash 4 610 Confectionery sales 12 300 Cost of confectionery sold 10 500 Electricity expense 5 090 Furniture and fittings 34 000 Inventory 18 000 Land and buildings 60 000 Loan payable 35 000 Projection equipment 41 000 Rent expense 33 200 Retained profits, 1 January 2022 59 720 Share capital 60 000 Ticket revenue 81 700 1 Prepare an income statement for Century Cinemas for the year ended 31 December 2022.
2 Prepare a note for retained profits for the year ended 31 December 2022.
3 Prepare a balance sheet as at 31 December 2022.