Extra Homework-30 From the following information for Jack & Jill's Water Bucket Company for the year ended December 31,2020, prepare Financial Statements. The company issued 1,000 new shares of common stock for $10,000 on May 1, 2020 and declared and paid dividends of $4,000 in 2020. Beginning Common Stock was $90,000 and the beginning Retained Earnings was $100,600. Accounts Payable 60,000 Interest Expense 8,000 Accounts Receivable 50,000 Note Payable, Long-Term 80,000 Advertising Expense 8,000 Rent Expense 24,000 Cash 50,000 Retained Earnings 142,000 Common Stock (10,000 Shares) 100,000 Sales 200,000 Cost of Sales 72,000 Tax Expense 18,600 Inventory 60,000 Utilities Expense 4,000 Land 200,000 Wage Expense 20,000 Security Deposit 28,000 Wages Payable 6,000