Charlie's Mount Diablo Mufler Service has just completed their operating year ending December 31, 2020. The company does custom mufflers for vintage Corvettes, the Pontiac GTO, Mustangs and Cameros. Charlie's boopkkeeper has provided you the Adjusted Trial Balance below and requested that you prepare financial statements. Required Using the information from the adjusted trial balance below, prepare in good form with proper headings and date, the following three statements covering the year ending December 31, 2020: 1. 2. 3. Income Statement. Retained Earnings Statement. Balance Sheet. Credit Charlie's Mount Diablo Mufler Service Adjusted Trial Balance December 31, 2020 Debit Cash $ 62,895 Accounts Receivable 3,970 Inventory.... 21,455 Supplies... 1,340 Equipment 117,030 Accumulated Depreciation-Equipment. Accounts Payable. Unearned Muffler Service Revenue Common Stock. Retained Earnings Dividends. 12,000 Muffler Service Revenue Cost of Mufflers Sold.. 69,655 Salaries and Wages Expense.. 186,400 Advertising Expense.. 3,600 Supplies Expense.. 6,900 Depreciation Expense 9,850 Rent Expense 29.500 $524.595 $ 14,580 1,400 2,370 90,000 37,625 378,620 $524,595