QUESTION 2 (30 marks) The adjusted trial balance for Wisdom Company, as of December 31, 2019, is shown below: Wisdom Company Adjusted Trial Balance As at December 31, 2019 Dr 19,800 44,800 22,600 21,000 2.000 44,000 35,580 2,400 Accounts receivable Machinery Cash Accumulated depreciation - Machinery Depreciation expense - Machinery Rental expense Salary expense Electricity expense Accounts payable Notes payable Interest payable Share Capital Retained earnings as at January 1, 2019 Marketing revenue Dividends Supplies Uneamed marketing revenue Supplies expense Interest expense 3,500 30,000 3.980 10,000 23,000 110,000 20,000 35,000 28,250 1.250 2,300 229,730 229,730 Required: (a) Prepare the Income Statement of Wisdom Company for the year ended December 31, 2019. (9 marks) (b) Prepare the Statement of Retained Earnings of Wisdom Company for the year ended December 31, 2019. (6 marks) (c) Prepare the Statement of Financial Position of Wisdom Company as at December 31, 2019. (15 marks)