You have been provided with the following ledger balances for ABC Enterprises as of December 31, 2023:

Account	Debit ($)	Credit ($)
Cash	75,000
Accounts Receivable	50,000
Inventory	100,000
Prepaid Expenses	10,000
Accounts Payable		40,000
Salaries Payable		15,000
Notes Payable		60,000
Common Stock		100,000
Retained Earnings		20,000
Service Revenue		200,000
Cost of Goods Sold	80,000
Salaries Expense	50,000
Rent Expense	10,000
Utilities Expense	5,000
Depreciation Expense	10,000
Interest Expense	5,000

Using the above ledger balances, prepare the following financial statements for ABC Enterprises:

1. Income Statement
2. Statement of Retained Earnings
3. Balance Sheet

Ensure all calculations are clearly shown and verify that the accounting equation (Assets = Liabilities + Equity) balances.