pretty sure my first two parts are correct. but stuck on the bottom ones. please include how you got answers if calculations were needed. thank you!

The trial balance of the Megan Company as of December 31, 2020 is presented below. Calculate the The trial balance of the Megan Company as of December 31, 2020 is presented below. Calculate the totals on the trial balance. Prepare an income statement, statement of retained earnings and a balance sheet for the year ended (date of), December 31, 2020. Every yellow cell requires either an account title or a dollar amount. Use the dropdown list to select the proper account titles. Enter a formula to enter all dollar amounts 3 4 5 6 7 00 9 Credit 10 11 12 13 14 un Megan Company Trial Balance December 31, 2020 Debit Cash $5,500 Accounts receivable 1,200 Office supplies 10,900 Prepaid insurance 3,600 Equipment 27,200 Accounts payable Unearned consulting revenue Common stock Retained earnings Dividends 1,400 Consulting revenue Rental revenue Salaries expense 2,600 Supplies expense 2,200 Miscellaneous expense 1.500 Totals $56.100 16 17 18 19 20 21 22 23 24 25 26 27 $7,400 4,200 25,000 11,000 7,000 1,500 $56.100 1) Prepare an income statement for Megan Company for the year ended December 31, 2020 + Megan Company Income Statement For Year Ended December 31, 2020 Revenues Consulting revenue $7,000 Rental revenue 1,500 Total revenues Expenses Salaries expense 2,600 Supplies expense 2.200 Miscellaneous expense 1,500 Total expenses Net income $8,500 2 3 6300 $2.200 edbe 5 6 2) Prepare a statement of retained earnings for Megan Company for the year ended December 31, 2020. 8 9 0 1 Megan Company Statement of Retained earnings For Year Ended December 31, 2020 Retained earnings, January 1, 2020 Net income Subtotal Dividends Retained earnings, December 31, 2020 N 2.200 + 3 4 1,400 6 7 3) Prepare a balance sheet for Megan Company at December 31, 2020. Megan Company Balance Sheet December 31, 2020 Assets Total assets Liabilities and Equity Liabilities Total liabilities Equity Total stockholders equity Total liabilities and equity