These account balances listed below were provided to you from the Horizon Corporation at the end...

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These account balances listed below were provided to you from the Horizon Corporation at the end of December 31, 2020. Salaries and wages payable $2,580 Salaries and wages expense 29,850 Utilities expense Equipment 4,600 65,000 Accounts payable 4,100 Service revenue 101,100 Advertising Expense 3,350 Notes payable (due 2025) 9,000 Common stock 16,000 Cash 46,200 Prepaid Insurance 1,800 28,180 45,000 12,000 10,000 23.200 Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) Instructions (a) Prepare an income statement and a retained earnings statement for the year ended December 31, 2020. (b) Prepare a classified balance sheet at December 31, 2020. Important: Prepare all statements in good form with proper formats, headings and dates. These account balances listed below were provided to you from the Horizon Corporation at the end of December 31, 2020. Salaries and wages payable $2,580 Salaries and wages expense 29,850 Utilities expense Equipment 4,600 65,000 Accounts payable 4,100 Service revenue 101,100 Advertising Expense 3,350 Notes payable (due 2025) 9,000 Common stock 16,000 Cash 46,200 Prepaid Insurance 1,800 28,180 45,000 12,000 10,000 23.200 Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) Instructions (a) Prepare an income statement and a retained earnings statement for the year ended December 31, 2020. (b) Prepare a classified balance sheet at December 31, 2020. Important: Prepare all statements in good form with proper formats, headings and dates.