Assets Liabilities Shareholder Equity Retained Earnings A/R and Accrued Interest 10,200 Date Accumlated Depreciation: Equipment (12,000) Supplies Inventory 3,300 Note Receivable 20,000 Cash 3,530 A/P and Accruals 16,790 Unearned Revenue 3,000 Equipment 24,000 Wages Payable 1,000 Revenues Land 10,800 Common Stock 28,000 Expenses Retained Earnings 11,040 Dividends at Nov 30 1 3 7 11 17 25 28 30 IOTMOOD Ending Balance 3,530 10,200 3,300 20,000 24,000 (12,000) 10,800 16,790 3,000 1,000 28,000 11,040 The November 30 Adjusted Trial balance for MMM Corporation is provided in the excel file called BUSI-1003 Midterm Winter 2021", and the information is posted in the tab called "MMM". During December the following transactions occurred: Dec. 1 Paid the December rent - $800 3 Purchased $ 1,100 worth of supplies on account 7 Paid employees wages of $1,600, representing $1,000 in wages from late November wages and $600 for December wages. 11 Performed services which were previous paid for in cash of $1,700 17 Paid an invoice for supplies purchased on account last month, $4,000 25 Received $8,600 on accounts receivable 28 Received $700 for services to be provided in the next month. 30 Dividends of $2,000 were declared and paid Additional information: A. Supplies on hand at December 31 were $2,800. B. The Note receivable was issued on November 30 of the current year (due in 6 months with interest of 12% per annum due at maturity). C. Wages of $1,200 were paid on January 3 the following year, which included $700 for December salaries and $500 for the next month salaries. D. $300 of unearned service revenue was earned during this month this was not recorded during the month. E. Equipment was purchased 3 years ago and has a remaining useful life of 3 years (depreciation is only charged at year end). F. Income tax expense for the year ending December is $950. This will not be paid until April the following year. Required a. Post the information to the appropriate YELLOW COLOURED CELLS in the m 202 Gile. Please do not add additional columns. b. Calculate Retained Earnings at December 31