Account 12/31/2021 Balances 12/31/2022 Balances Accounts payable 27,000 19,000 Accounts receivable 51,000 46,000 Accumulated depreciation 95,000 125,000 Notes Payable 22,000 22,000 Cash 48,000 31,000 Common stock 150,000 150,000 Depreciation expense 30,000 Equipment 205,000 285,000 Income tax expense 21% of pre-tax income Inventory 11,000 40,000 Rent Expense 22,000 Cost of goods sold 233,000 Prepaid rent 10,000 16,000 Retained earnings 22,000 ?? Revenues 385,000 Dividends of 11,000 were declared during the year Income tax expense is 21% of income before taxes a. Create an income statement for the year ended 12/31/2022 b. Create (Ctrl) sheet as of 12/31/2022 (you will need to determine ending retained earnings)