Adjusted Trial Balance of Mitchell Company as at December 31, 2020 is shown below: Mitchell Company Adjusted Trial Balance December 31, 2020 Cash Accounts receivable Supplies Prepaid insurance Machinery Accumulated depreciation - Machinery Unearned revenue Salary payable Share capital Retained earnings Dividends Sales revenue Insurance expense Salary expense Miscellaneous expense Depreciation expense Total Required: (a) Prepare the Income Statement of Mitchell Company for the year ended December 31, 2020. (7 marks) (b) Prepare the Statement of Retained Earnings of Mitchell Company for the year ended December 31, 2020. (4 marks) (c) Prepare the Statement of Financial Position of Mitchell Company as at December 31, 2020. (11 marks) (d) Prepare the necessary closing entries for Mitchell Company at December 31, 2020. (Explanation of Journal Entry is not required.) (11 marks) Adjusted Trial Balance of Mitchell Company as at December 31, 2020 is shown below: Mitchell Company Adjusted Trial Balance December 31, 2020 Cash Accounts receivable Supplies Prepaid insurance Machinery Accumulated depreciation - Machinery Unearned revenue Salary payable Share capital Retained earnings Dividends Sales revenue Insurance expense Salary expense Miscellaneous expense Depreciation expense Total Required: (a) Prepare the Income Statement of Mitchell Company for the year ended December 31, 2020. (7 marks) (b) Prepare the Statement of Retained Earnings of Mitchell Company for the year ended December 31, 2020. (4 marks) (c) Prepare the Statement of Financial Position of Mitchell Company as at December 31, 2020. (11 marks) (d) Prepare the necessary closing entries for Mitchell Company at December 31, 2020. (Explanation of Journal Entry is not required.) (11 marks)