est AsMEAMLN following financial information belongs to Al Ain Company on December 31, 2019: The Supplies Al Ain Capital Advertising expense Salaries expense Accounts receivable Accounts payable $280,000 600,000 120,000 600,000 360,000 1,320,000 $2,000,000 640,000 1,200,000 480,000 120,000 120,000 Revenues Equipment Cash Utilities expense Rent expense. Drawings Required: Prepare the income statement, statement of owner's equity and balance sheet of Al Ain Company on December 31, 2019. (KN2:3 marks)