XYZ Company's adjusted balances for last year are as follows: .120,000 .71,000 -5,000 22,000 18,000 Inventory, January 1, 2020... ...149,000 Sales.- $1,200,000 Purchases... .810,000 Marketable securities. .15,000 Purchase discounts. ..20,000 Purchase returns and allowances. -2,000 Extraordinary loss due to earthquake, net of Applicable taxes... 35,000 Selling expenses... .114,000 Cash.. 90,000 Accounts receivable.. 60,000 .60,600 .13,000 Inventory, December 31, 2020. Accounts payable.... Salaries Payable. Cash surrender value of life insurance.... Patents. Retained earnings, January 1, 2019. Interest expense... General and administrative expense... Dividend revenue. Allowance for doubtful accounts.. Notes Payable (Maturity date 7/1/2021). Machinery and Equipment..... Income tax expense. Treasury stock.. Dividends declared and paid. .160,000 ..6,000 3,000 Common stock.. .150,000 .105,000 Accumulated depreciation .150,000 42,000 .30,600 Paid-in-capital in excess of par. 30,000 .10,000 .18,000 Prepare a Balance Sheet for XYZ Company Prepare an Income Statement for XYZ Company Prepare a Statement of Retained Earnings for XYZ Company