Required: Prepare in proper format, then order for XYZ Company for the year ending 31st December 2020, the i) Trial Balance ii) Income Statement iii) Statement of Retained Earnings iv) Statement of Financial Position (Balance Sheet) (Note: 105 Cash .. 33,500 refers to the account cash, which has an account number 105, and has a normal balance of 33,500.)

(a) XYZ Company has provided the following information for the year ending 31st December 2020 (all amounts expressed in Euro's and have a normal balance.): Account 105 Cash 115 Accounts receivable 125 Prepaid insurance 135 Office Supplies 145 Prepaid utilities 165 Motor Vehicles 166 Accumulated Depreciation M.V. 175 Building 215 Accounts payable 215 Salaries payable 225 Unearned advisory fees 33,500 12,300 1,300 1,000 200 32,000 6,400 120,000 4,500 4,900 11,200 Account 320 Common Stock (1st January 2019) 335 Retained Earnings 345 Dividends 415 Advisory fees earned 425 Rental fees earned 515 Advertising expense 515 Marketing expense 525 Supplies expense 535 Salaries expense 585 Interest expense 590 Tax expense 40,000 71,400 8,000 179,000 2,500 800 13,000 2,500 72,000 300 23,000