Insomniacs Coffee Ltd, a mobile coffee company, had the following account balances at the end of December 2020: Cash Accounts payable Dividends declared Sales revenue Inventory Advertising expense Common shares Prepaid insurance Wages expense Equipment Rent expense Wages payable Cost of goods sold Depreciation expense Loan payable Interest expense Accounts receivable Retained earnings (as at January 1, 2019) $121,000 339.000 179,000 2,884,000 306,000 78.000 100,000 24,000 505.000 1.247.000 181.000 46,000 1.645,000 81.000 782.000 42.000 185.000 443.000 Prepare a statement of income for the year ended December 31, 2020. (Enter loss using either a negative sign preceding the numberes.-45 or parentheses es. (451) Insomniacs Coffee Ltd. Statement of Income $ $ Calculate the amount of retained earnings as at December 31, 2020. Retained earnings at December 31, 2020 Liabilities & Shareholders' Equity $ . $ Prepare a statement of financial position as at December 31, 2020. (List Current assets in order of liquidity) Insomniacs Coffee Ltd. Statement of Financial Position Assets $ Liabilities & Shareholders' Equity