omer Company uses the perpetual inventory procedure. Given below is an abbreviated balance sheet he company as of Dec. 31, 2019: 22,000 44,000 96,000 8,000 170,000 Current Assets: Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Fixed Assets: Land Buildings Less Accumulated Depreciation Equipment Less Accumulated Depreciation 22,000 142,000 63,000 79.000 46,000 10,000 36,000 Total Fixed Assets 137,000 307,000 Total Assets Current Liabilities: Accounts Payable Income Taxes Payable Accrued Expenses Payable Total Current Liabilities 24,000 3,000 6,000 33,000 150,000 Long-Term Liabilities: Bonds Payable, 7% due 2027 Notes Payable Total Long-Term Liabilities 8,000 158,000 Stockholders'Equity: Capital Stock ($10 par, 5,000 shares) 50,000 Retained Earnings 66,000 Total Stockholders'Equity 116,000 Total Liabilities & Equity 307,000 The summarized transactions of the Jomer Company for 2020 are below: 420,000 211,000 204,000 442,000 196,000 8,000 10,000 6,000 a. Sales on account b. Purchases of merchandise on account Cost of goods sold for the year d. Collections from customers on account e. Paid vendors on account Paid for prepaid expenses during the year of the prepaid expenses, the amount that became miscellaneous expenses during the year Interest expense paid in cash Payroll expense accrued during the year k. Paid accrued operating expenses 1 Paid accrued income taxes m. Depreciation expense on building n. Depreciation expense on equipment 0. New equipment purchased for cash p. Income taxes are to be accrued at the rate of 28 percent. 9. Dividends declared and paid 136,000 137,000 2,200 17,000 6,900 26,000 6,000 Required: A. Post the entries from the summarized transactions above into the ledger accounts provided, being cam to keep the running balances of all accounts in the ledger. (Please note that you will not be able to post transaction "p" for the income tax accrual until the income statement is almost complete.) B. Prepare an income statement for Jomer Company for the year ending Dec. 31, 2020. C. Prepare a statement of retained earnings for Jomer Company for the year ending Dec. 31, 2020. D. Prepare a balance sheet for Jomer Company as of Dec. 31, 2020