3 (55 points) The adjusted trial balance of C.S. Financial Planners appears below. Cash Accounts Receivable... Supplies.. Equipment.. Accumulated Depreciation Equipment... Accounts Payable Unearned Service Revenue... Share Capital-Ordinary. Retained Earnings... Dividends. Service Revenue.. Supplies Expense. Depreciation Expense. Rent Expense. Instructions C.S. Financial Planners Adjusted Trial Balance (in 000) December 31, 2020 Debit 5,000 Credit 2,200 2,800 15,000 4,500 3,300 6,000 10,000 4,400 2,500 4,300 600 2,500 1,900 32.500 32.500 Using the information from the adjusted trial balance, prepare 1. an income statement for the month ending December 31, 2020 2. a retained earnings statement for the month ending December 31, 2020 3. a statement of financial position at December 31, 2020. Instructions Using the information from the adjusted trial balance, prepare 1. an income statement for the month ending December 31, 2020 2. a retained earnings statement for the month ending December 31, 2020 3. a statement of financial position at December 31, 2020. Solution 1. Income statement (20 points) 2. Retained earnings statement (15 points) 3. Statement of financial position (20 points) Assets Equity and Liabilities Equity Total equity Liabilities Total Liabilities Total Assets Total equity and Liabilities