Final Exam Company Trial Balance 10000 NE Bank Checking 10500 NE Savings 11000 Accounts Receivable Dec 31, 2020 Debit 135,546.69 100,000.00 Credit 0.00 12100 Inventory Asset 754.62 12200 Prepaid Insurance 968.00 15000 Furniture and Equipment: 12,355.00 17000 Accumulated Depreciation 2,836.25 20000 Accounts Payable 0.00 21000 American Express 0.00 24000 Payroll Liabilities. 25100 Gift Cards 25200 Customer Deposits 25500 Sales Tax Payable 19.09 250.00 0.00 0.00 26000 NE Bank Loan 20,000.00 32000 Owners Equity 200,000.00 42000 Catering & Workshop Income 49,500.25 42300 Product Sales Income 3,075.50 43000 Discounts Given 1,147.62 43010 Returned Check Charges 30.00 50000 Cost of Goods Sold 3,111.31 60000 Advertising and Promotion 1,200.00 60050 Bad Debt Expense 495.00 60100 Baking Professional Services 0.00 60400 Bank Service Charges 25.00 61700 Computer and Internet Expenses 150.00 62400 Depreciation Expense 2,836.25 63300 Insurance Expense 709.00 63500 Janitorial Expense 2,675.00 64900 Office Supplies 75.83 65100 Workshop Supplies 8,378.47 66000 Payroll Expenses 4,720.96 67400 67300 Shipping Expense Rush Orders 68600 - Utilities TOTAL 88.00 25.00 449.34 275,711.09 275,711.09 Create the Following Financial Statements 1. Income Statement 2. Statement of Retained Earnings 3. Balance Sheet **Assume this is the first year of operations. All Financial Statements must be in the proper format, using $ signs and proper underlines