(1) Prepare an Income Statement

(2) Prepare a Statement of Retained Earnings

(3) Prepare a Balance Sheet

D E A B The following trial balance has been adjusted as of December 31, 2020 1 2 Credits $ Debits 25,000 $ 6,000 4,500 18,000 90,000 1 2,500 6,000 4,000 1,500 150 24,000 100,000 90,000 1 4 Cash 5 Accounts Receivable 6 Supplies Inventory 7 Prepaid Rent 8 Equipment 9 Accumulated Depreciation 10 Accounts Payable 11 Utilities Payable 12 Unearned Revenue 13 Interest Payable 14 Notes Payable 15 Common Stock 16 Service Revenue 17 Wages Expense 18 Supplies Expense 19 Rent Expense 20 Miscellaneous Expense 21 Electricity Expense 22 Telephone Expense 23 Depreciation Expense 24 Interest Expense 25 Dividend 26 Total 27 28 29 Required: Problem #1 Problem #2 35,000 20,000 15,000 2,000 2,400 1,500 1,000 250 7,500 228,150 $ $ 228,150 Points Problem #3