QUESTION 1 (28 marks) The following balances are extracted from the books of Vander Company at the end of December 31, 2020: $ Accumulated depreciation - equipment- 18,500++ Accounts payable- 31,580++ Salary payable- 10,500++ Share capital 70,000++ Retained earnings 49,500++ Unearned service revenue 25,800++ Depreciation expense - equipment- 3,800++ Sala x expense 74,100++ Rental expenser 180,000++ Supplies expense 2,450+ Service revenue 289,000++ Cash 11,0502 Accounts receivable- 125,780P Supplies 3,500++ Prepaid rent- 30,000++ Equipment- 46,200++ Dividends- 18,000++ t Required:- (a) Prepare the Income Statement of Vander Company for the year ended December 31. 2020. (7 marks) (b) Prepare the Statement of Retained Earnings of Vander Company for the year ended December 31, 2020. (5 marks) (c) Prepare the Statement of Financial Position of Vander Company as at December 31, 2020. (1 6 marks)