Please follow the instructions below. * Assume you are the president of COVID Protection Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: (1) Prepare an income statement for the year ended December 31. (2) Prepare a statement of retained earnings for the year ended December 31. (3) Prepare a balance sheet at December 31. Accounts Payble Accounts Receivable Cash $ 32,100 9,550 13,300 Common Stock 59,090 Divedends 1,950 Equipment 86,000 Notes Payable 1,160 Operating Expenses 58,700 Other Expenses 7,850 Sales Revenue 90,000 Supplies 5,000 Add file