The following items and amounts are taken from the 2021 financial records of Labrador Co. All amounts are U.S. dollars. Supplies expense... $32,000 Salaries payable... $5,000 Equipment.. 72,000 Common stock.. 50,000 Salaries expense 150,000 Cash.. 12,000 Utilities expense... 8,200 Retained earnings, Jan. 1, 2021...... 47,000 Dividends.... 1,000 Insurance expense...... 12,000 Accounts payable........... 6,000 Repair expense.. 14,000 Accounts receivable.. 26,800 Service revenue.. 220,000 C a) Prepare an income statement for the year ending December 31, 2021. b) Prepare a statement of stockholders' equity for the year ending December 31, 2021. c) Prepare a balance sheet as of December 31, 2021. Make sure each statement is in proper form with a complete heading (name of company, name of report, date or time period as appropriate).