XXX bikes had the following account balances at Decemb 2021. Balances Dec 31, 2021 Cost of Goods Sold Wages Payable Accumulated depreciation equipment Interest expense Account payable Interest payable- within a year Current portion of long term debt Revenue Wage expense Land Dividends declared Unearned revenue Cash Dividend revenue Rent expense Accounts receivable Long-term loan Prepaid rent Supplies Inventory Depreciation expense Equipment Common shares Income tax expense Supplies used Retained earnings (Jan 1, 2021) ad the following account balances at December 31, c 31, 2021 ds Sold ble d depreciation equipment ense able able- within a year ion of long term debt se eclared Venue $320,000 $2,500 $3,600 $2,500 $9,000 $2,000 $12,000 $720,000 $34,000 $405,000 $7,000 $4,000 $15,900 $4,300 $20,000 $10,000 $123,000 $2,000 $18,000 $32,000 $224,000 $175,000 $14,000 $77,000 $126,000 enue e ceivable san entory I expense ares expense d nings (Jan 1, 2021) Rent expense Accounts receivable Long-term loan Prepaid rent Supplies Inventory Depreciation expense Equipment Common shares ncome tax expense Supplies used Retained earnings (Jan 1, 2021) a) Calculate net income for 2021 b) Calculate 2021 yearend retained earnings. Show calculat c) Prepare a classified statement of financial position for December 31, 2021