Question 1: Provided below is the adjusted trial balance of Marvell Incorporation a manufacturing firm. Officers Incorporation Adjusted Trial balance December 31, 2020 Debit Balances Rs. Cash 60000 Accounts Receivable Unexpired Insurance Prepaid Rent Office Supplies Building Insurance Expense Office Rent Expense Supplies Expense Cost of goods sold Rs. Credit Balances Accumulated Depreciation: 32200 Building 9000 Accounts Payable 12000 Notes Payable 4000 Salaries Payable 1300 | Tax payable 175000 Unearned Services Revenue 2250 Capital Stock 35000 Retained Earning 7000 Services Revenue 19000 Long term loan Accumulated Depreciation: 20000 Equipment 15000 8000 12000 30000 16050 7100 24000 90000 16000 81720 70000 Depreciation Expense: Building 15000 4000 35000 Income Tax Expense Interest Expense Miscellaneous Expense Equipment Dividends Depreciation Expense: Equipment Repair and maintenance Expense Fuel Expense Total 12000 5000 6000 27100 421870 | Total 421870 Required: Page 1 1. Prepare the following statements of the company from the data given above: a. Income Statement for the year ending at December 31, 2020 b. Retained Earnings Statement for the year ending at December 31, 2020 c. Balance Sheet as at December 31, 2020