You are now preparing the financial statements for the year ended 30 June 2021 for Audio Concepts and have just extracted the trial balance from the ledger accounts as follows: AUDIO CONCEPTS Trial Balance As at 30 June 2021 Ledger Accounts Debit $ Credit $ 14,000 11,000 29,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Audio Equipment Advertising Expense Audio Equipment Audio Revenue Cash 21,000 210,000 133,000 15,000 Common Stock 100,000 12,000 14,000 3,000 3,000 Depreciation Expense Dividends Insurance Expense Note Payable, due 30 June 2023 Prepaid Insurance Rent Expense Retained Earnings, 1 July 2020 Salaries Expense Salaries Payable Supplies Supplies Expense 6,000 17,000 12,000 42,000 70,000 4,000 6,000 361,000 361,000 Required: Prepare the following financial statements for the year ended 30 June 2021: (a) Income Statement (6 marks) (b) Statement of Retained Earnings (4 marks) (C) Balance Sheet (10 marks)