3) AgencyStack has shared its reports of the following accounts and balances as of December 31, 2020: Cash Land Machine Accounts Receivable Merchandise Inventory Paid-in Capital Long-term Note Payable Short-term Note Payable Cost of Goods Sold Accounts Payable Sales Revenue Operating Expenses Retained Earnings 24,400 82,400 129,200 18,800 63,600 200,000 79,200 14,400 80,000 $22,800 122,000 40,000 2 co Required: Prepare a balance sheet at December 31, 2020. Also, prepare an income statement for the year ended December 31, 2020