The following are account balances at the end of December 2020 for XYZ Co. Cost of goods sold Common shares Advertising expense Equipment Depreciation expense Dividends declared Accounts payable Inventory Wages expense Sales revenue Accounts receivable Rent expense Cash Prepaid rent Wages payable Ending retained earnings balance (2019) $100,100 33,400 8.300 11,900 1,190 3,340 14.000 23,000 30,100 164,300 11,200 10,400 40.870 2.800 7,800 23,700 Prepare a statement of income for the year ended December 31, 2020. XYZ Co. Statement of Income $ $ Calculate the amount of retained earnings as at December 31, 2020. XYZ Co. Statement of Retained Earnings $ Prepare a statement of financial position as at December 31, 2020. (List Assets in order of liquidity.) XYZ Co. Statement of Financial Position Assets $ $ Liabilities & Shareholders' Equity $ $