Question 1: (25 points) Providing clothing alteration services, Company Alveo Inc. has finished its third year of operations and must send its annual financial statements to the bank. The owner is asking you to prepare them. Not being sure how you wanted the accounts to be listed, she decided that an alphabetical order would be ok. Trial Balance as at December 31, 2020 Accounts Balance Accounts payable 1,200 Accounts receivable 850 Accumulated depreciation - equipment 5,000 Bank loan (current portion) 2,000 Bank loan (non-current portion) 8,000 Cash 7,100 Depreciation expense 2,000 Dividends 12,000 Equipment 20,000 Supplies on hand 4,650 Insurance expense 2,500 Interest expense 540 Interest payable 45 Prepaid insurance 500 Rent expense 15,000 Retained earnings, Jan 1, 2020 1,000 Salary expense 78,000 Sales revenue 132,400 Share capital 5,000 Supplies expense 11.505