21 ABC Co. had the following transactions during the month a shareholder deposits $200,000 into ABC Co.'s bank account in exchange for common stock b. at the beginning of the month ABC Co. paid 1 year of insurance, $48,000 cash paid in advance ABC Co takes out a $500,000 loan from the bank d. ABC Co. sold $220,000 worth of products and services to customers on account, services were provided to customers ABC Co. buys land for $100,000 f. ABC Co. received $75,000 for sales of services provided ABC Co. received $50,000 for sales for services not yet to be provided Adjustments al it's the end of the month, make the appropriate adjustments to any prepaids previously recorded Prepare ABC's Income Statement from the data above. (Accrual Method) Prepare the Statement of Retained Earnings from the data above. (Accrual Method) Prepare the Balance Sheet for ABC Co. from the above data. (Accrual Method)