2 Question 2 (8 Points) Question 2 (8 Marks) Given the following account information for ABC company. December 31, 2020 Account Name JOD Equipment 35,000 Interest Payable 3,600 Retained Eamings ? Dividends 50,000 Land 125,000 Inventory 72,000 Bonds Payable 43,000 Notes Payable (due in 9 months) 30,400 Share Capital-Ordinary 60,000 Accumulated Depreciation - Equip. 15,000 Prepaid Advertising 7.000 Buildings 96,200 Taxes Payable 3,000 Advertising Expense 1,560 Accumulated Dep. - Buildings 15,000 Cash-current account USD 12.100 Cash-current account JOD 7,500 Bank deposit - 1 Months 23,000 Accounts Receivable 154,000 Allowance for Doubtful debt 32,000 Loan 45,000 1. Consider that the company will settle the loan over the next three years, with JOD 15,000 every year, prepare a statement of financial position for the company as of December 31, 2020. (6 Marks) 2. Consider that the retained eamings on January 1, 2020 was JOD 45,000, calculate the net income for the year ended on December 31 2020 (2 Marks! Enter your