The adjusted trial balance for a Company at December 31, 2020, is presented below:

Account Name	Debit	Credit
Cash	$ 11,000
Accounts Receivable	140,000
Supplies	30,000
Equipment	360,000
Accumulated Depreciation		$135,000
Accounts Payable		20,000
Salaries Payable		5,000
Notes Payable (due in two years)		30,000
Common Stock		200,000
Retained Earnings		51,000
Dividends	20,000
Service Revenue		450,000
Salaries Expense	191,000
Rent and Utilities Expense	107,000
Depreciation Expense	30,000
Interest Expense	2,000	_______
Totals	$891,000	$891,000

PART A: Calculate Net Income for the year ended December 31, 2020: Show the details for your calculation.

PART B: Calculate the balance in the 12/31/20 Retained Earnings account AFTER closing entries are prepared and posted. Show the details for your calculation.

PART C: Prepare a classified balance sheet for Jamaica Coffee Company as of year ended December 31, 2020. Include the proper statement heading.