Prepare a statement of income, calculate retained earnings, and statement of financial position

List of accounts listed below

• Accounts Payable
• Accounts Receivable
• Advertising Expense
• Buildings
• Cash
• Common Shares
• Cost of Goods Sold
• Depreciation Expense
• Dividend Revenue
• Dividends Declared
• Dividends Payable
• Equipment
• Income Tax Payable
• Interest Expense
• Interest Payable
• Inventory
• Land
• Loan Payable
• Miscellaneous Expense
• Notes Payable
• Operating Expense
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Retained Earnings
• Sales Revenue
• Selling and Administrative Expenses
• Supplies Expense
• Supplies
• Unearned Revenue
• Wages Expense
• Wages Payable

The Wizard's Corner, a company that sells video games and related items, had the following account balances at the end of June 2020: Cost of goods sold $97,500 Common shares 34,100 Advertising expense 5,200 Equipment 17,500 Depreciation expense 1,750 Dividends declared 3,410 Accounts payable 12,500 Inventory 29,300 Wages expense 34,400 Sales revenue 191,600 Accounts receivable 10,500 Rent expense 12,800 Cash 46,240 Prepaid rent 4,300 Wages payable 3,000 Retained earnings (as at July 1, 2019) 21,700 Prepare a statement of income for the year ended June 30, 2020. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) The Wizard's Corner Statement of Income For the Year Ended June 30, 2020 $ Vi $ $ $ $ Calculate the amount of retained earnings as at June 30, 2020. Retained earnings at June 30, 2020 Prepare a statement of financial position as at June 30, 2020. (Ulst Current assets In order of liquidity The Wizard's Corner Statement of Financial Position Assets $ $ Llabilitles & Shareholders' Equity $ $