On January 1, 2018, three friends formed a business called "Los Tres Amigos" Between them they contributed $ 2,000,000 (capital stock) to form the company. On December 31, 2019, they prepared a list of the assets they had to date and that were owned by the business and a list of all their debts, since they are requesting a bank loan and the bank asks for their balance sheet. None of them have studied accounting so they come to you to help them make that financial statement. Something that they do not know is their profits to date, so they also ask for your help to tell them what they have been to date. The list they prepared and gave you shows the following information. Cash Inventory Transport equipment Edifice Office team Customers Wages to pay Taxes to pay Providers Long-term documents payable $ 120,000 70,000 680,000 1,900,000 300,000 150,000 190,000 80,000 100,000 500,000 Remember that: 1. You have to prepare the balance sheet properly identifying assets, liabilities and capital (format seen in class) and, 2. Calculate the amount of your retained earnings as of December 31, 2019 With the above information, proceed to answer the following questions (capture your answer as a whole number using a "comma" as a separator: (a) What is the amount of retained earnings? (c) What is the amount of your total liability and equity