Adjusted Trial Balance of Smart Company as at December 31, 2020 is shown below: Smart Company Adjusted Trial Balance December 31, 2020 Credit Debit $ 15,300 5,850 360 700 2,600 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 $ 1,650 10,000 400 5,200 1,940 500 13,250 120 6,210 340 460 $32,440 $32.440 Required: (a) Prepare the Income Statement of Smart Company for the year ended December 31, 2020. (7 marks) ) (b) Prepare the Statement of Retained Earnings of Smart Company for the year ended December 31, 2020. (4 marks) (c) Prepare the Statement of Financial Position of Smart Company as at December 31, 2020. (11 marks) (d) Prepare the necessary closing entries for Smart Company at December 31, 2020. (Explanation of Journal Entry is not required.) (11 marks)