Instructions: Using the following accounts of Happy Company, prepare an income statement, a statement of retained earnings and a balance sheet for 2020; include financial statements heading in a correct form): Financial Statement Account 1. Accounts Payable Amount 6,000 2. Accounts Receivable 4,000 3. Beginning Common Stocks -0- 4. Beginning Retained Earnings -0- 5. Cash 31,800 6. Dividends 3,000 7. Insurance Expense 1,000 8. Operating Expenses 6,000 9. Prepaid Insurance 200 10. Service Revenue 17,000 11. Stock issued 20,000 12. Unearned Revenue 3,000