2. Ace Delivery Service is a new company founded on July 1, 2020. At the end of its first month of operation, the following trial balance was prepared from Ace's general ledger: ACE DELIVERY SERVICE, INC. Trial Balance July 31, 2020 Credit Debit $16,000 10,000 3,000 2,000 45,000 Cash Accounts Receivable Supplies... Prepaid Insurance.. Equipment...... Notes Payable Accounts Payable.. Salaries and Wages Payable Unearned Service Revenue. Common Stock Dividends. Service Revenue Salaries and Wages Expense Maintenance and Repairs Expense ...... Gasoline Expense.. Utilities Expense. $22,000 7,900 1,000 2,500 40,000 900 13,000 7,000 1,100 800 600 $86.400 $86.400 Using the above information, prepare for the month ending July 31, 2020: 1. an income statement. 2. a retained earnings statement. 3. a balance sheet. (3 points)