Question #1: 25 points These account balances listed below were provided to you from the Horizon Corporation at the end of December 31, 2020. I Salaries and wages payable $ 2,580 Salaries and wages expense 39,850 Utilities expense 2,600 Equipment 21,000 Accounts payable 4,100 Service revenue 101,100 Advertising Expense 2,350 Notes payable (due 2025) 11,800 Common stock 16,000 Cash 50,200 3,600 29,180 6,000 5,000 3,000 15,200 Prepaid Insurance Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) Instructions (a) Prepare an income statement and a retained earnings statement for the year ended December 31, 2020. (b) Prepare a classified balance sheet at December 31, 2020. Be sure to prepare all statements in good form with proper format, including headings and dates. English inited Stateet