The following account balances are taken from the books of Century Cinemas on 31 December 2019.

Revenues and expenses are for the year ended 31 December 2019. The retained profits balance is as at 1 January 2019.

1. Prepare an income statement for Century Cinemas for the year ended 31 December 2019. 

2. Prepare a note for retained profits for the year ended 31 December 2019. 

3. Prepare a balance sheet as at 31 December 2019.

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Accounts receivable Accounts payable Advertising expense Cash Confectionery sales Cost of confectionery sold Electricity expense Furniture and fittings Inventory Land and buildings Loan payable Projection equipment Rent expense Retained profits, 1 January 2019 Share capital Ticket revenue $ 13 450 13 910 42 780 4 610 12 300 10 500 5 090 34 000 18.000 60 000 35 000 41 000 33 200 59 720 60 000 81 700