Suppose you are hired as an Intern in a Consulting Firm. The company maintain their financial statements by the end of every year. Consider following information of 2019.

DR Cash$22,000

DR Account receivables$10,000

DR Prepaid expense$2500

DR Furniture and fixture$80,000

DR Building$65000

CR Accumulated depreciation; Building4000

CR Account payables50,000

CR Notes payables40,000

CR Insurance payables5500

CR Capital stock40,000

CR Retained earnings= ?

DR Dividends2800

DR RevenuesEarned60,000

DR Insurance expense3700

DR Rent expense12000

DR Depreciation expense: furniture and fixture1500

a)Prepare Income statement (Follow the order of preparing financial statement).

b) Prepare balance sheet for the year of 2019. (Follow the order of preparing financial statement).

c)What is company financial stability position (show all calculations and answer based on your calculations)