2) Andy Roddick is the owner of Ace Computer Services Ltd. The company has been operating since January 2017. Roddick have asked you to prepare the Companys financial statements as at 31 December 2020, in proper form, taking into account that the year began with Retained Earnings of $21,000. Service Revenue 52,800 Advertising Expense 7,500 Unearned Service Revenue 14,200 Insurance Expense 3,600 Dividends 7,700 Rent Expense 9,500 Utilities Expense 3,400 Accounts Payable 19,000 Notes Payable 8,100 Accounts Receivable 12,700 Land 40,900 Cash 27,200 Salaries And Wages Expense 29,000 Supplies 9,600 Equipment 35,000 Share Capital - Ordinary 71,000

Required: (a) Prepare an Income Statement (b) Prepare a Statement of Retained Earnings (c) Prepare a Statement of Financial Position