At the end of its fiscal year, December 31, 2020, the following account balances were provided by Kappa Corporation:

Accounts Payable: $1,600

Accounts Receivable: $1,400

Advertising Expense: $300

Cash: $2,200

Common Stock: $3,500

Equipment: $7,000

Insurance Expense: $100

Notes Payable: $2,500

Rent Expense: $800

Retained Earnings: $2,500

Salaries Expense: $1,500

Service Revenue: $14,000

Supplies Expense: $200

Wages Payable: $400

Required:

Prepare a Trial Balance at December 31, 2020.

Prepare an Income Statement for the year ended December 31, 2020.

Prepare a Statement of Retained Earnings for the year ended December 31, 2020.

Prepare a classified Balance Sheet at December 31, 2020.

Prepare a Cash Flow Statement for the year ended December 31, 2020.