XYZ Limited has provided you with the following trial balance as at 31 December 2022.

Account	Debit (USD)	Credit (USD)
Inventory	49,600
Prepaid Rent	5,400
Equipment		150,000
Accumulated Depreciation	30,000
Accounts Payable	18,700
Notes Payable		35,000
Common Stock		105,000
Retained Earnings (1/1/2022)	36,000
Dividends		30,000
Sales		245,000
Cost of Goods Sold	160,000
Wages Expense	24,000
Rent Expense		12,000
Insurance Expense	4,200
Utilities Expense	3,800
Depreciation Expense		5,000

Required:

a) Prepare an income statement for the year ended 31 December 2022.

b) Prepare a statement of retained earnings for the year ended 31 December 2022.

c) Prepare a balance sheet as at 31 December 2022.