4) Using the finalized trial balance provided, prepare the following statements (29 marks): a. Statement of financial position as at December 31, 2022 b. Statement of earnings for the year ended December 31, 2022 Run the Race Inc. Adjusted Trial Balance December 31, 2022 Account Title Cash DR CR 75,400 Accounts Receivable 24,500 Prepaid Insurance 1,500 Equipment 45,000 Accumulated depreciation - Equipment 11,000 Land 15,000 Accounts Payable 21,520 Salaries Payable 1,400 Mortgage Payable 64,000 Contributed Capital 7,500 Retained Earnings 25,480 Service Revenue 124,000 Advertising Expense 15,000 Salaries Expense 63,000 Insurance Expense 12,000 Depreciation Expense 3,500 Total 254,900 254,900