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(show the calculation please ) Using the given template formats, assuming 2020 is the company's first year in business. Using the information in the adjusted

(show the calculation please )

Using the given template formats, assuming 2020 is the company's first year in business.

Using the information in the adjusted trial balance 2020 & 2021, prepare the statement of income for the years ending December 31, 2020 & 2021 and the statement of retained earnings for the year ending December 31, 2021 .

STATEMENT OF INCOME Retained Earnings Statement For the Year Ended December 31, 2021 2021

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