Waterway Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020.

Waterway Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020. WATERWAY DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $12,090 Accounts Receivable 22,590 Supplies 6,090 Prepaid Insurance 3,590 Equipment 61,090 Accumulated Depreciation-Equipment $36,090 Accounts Payable 6,090 Interest Payable 264 Notes Payable 8,800 Unearned Service Revenue 6,690 Salaries and Wages Payable 1,544 Common Stock 11,090 Retained Earnings 4,590 Service Revenue 62,590 Salaries and Wages Expense 12,390 Insurance Expense 1,094 Interest Expense 614 Depreciation Expense 10,800 Supplies Expenses 3,400 Rent Expense 4,000 $137,748 $137,748 Prepare an income statement for the year ending December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) WATERWAY DESIGN Income Statement s Prepare a statement of retained earnings for the year ending December 31, 2020. WATERWAY DESIGN Statement of Retained Earnings $ $ Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) WATERWAY DESIGN Balance Sheet Assets Liabilities and Stockholders' Equity