The Copeland Company was founded on January 1, 2017; since then, the company has been fairly successful; however, in an effort to save some money, the president has been keeping track of the financial records rather than hiring a professional accountant. Although some data is missing, a comparative report of year-end account balances appears below; all numbers are as of December 31st unless noted othenrvise. 2019 2018 Rent expense 13,100 12,800 Selling and admin. expenses ? 6,400 Dividends 3,200 4,800 Retained earnings, Dec. 31 287,800 221,900 Notes payable 20,000 16,000 Accounts receivable 2,800 ? Property and equipment 337,230 273,400 Accounts payable ? 10,600 Common stock 40,000 40,000 Revenues 183,000 164,000 Payroll expense 93,500 82,300 Retained earnings, Jan. 1 221,900 ? Cash 18,600 13,500 Reguired: a. Prepare an income statement, statement of retained earnings and a balance sheet for each year and determine the missing values. b. Assess the com pany's comparative results for the two-year period from the perspective of a bank and then from the perspective of an investor (i.e. did things get better or worse from those perspectives and why). If you were a bank would you lend the company more money? If you were an investor would you invest more money in the company? Briey explain your decisions. 0. In 2020, the company had the following transactions: Borrowed $3,000 from a bank Sold $180,000 of services to customers Paid $3,200 for advertising Paid $92,000 in employee payroll Made a payment on a bank loan for $2,500 Purchased $3,400 of equipment Paid $14,000 in rent Received $1,500 from customers on account Paid $800 owed to suppliers 0. Paid $1,200 in dividends to owners I-l- Hewweweww Prepare a tabular analysis for 2020, record the transactions and prepare statement of cash ows, income statement, statement of retained earnings and balance for the company for that year