$\backslash$begin$\{$tabular$\}\{|$l$|$r$|$r$|\}\backslash$hline Interest Payable & & $150\backslash \backslash \backslash$hline Notes Payable & & $5,000\backslash \backslash \backslash$hline Unearned Service Revenue & & $5,600\backslash \backslash \backslash$hline Salaries and Wages Payable & $1,300\backslash \backslash \backslash$hline Share Capital$-$Ordinary & & $10,000\backslash \backslash \backslash$hline Retained Earnings & $3,500\backslash \backslash \backslash$hline Service Revenue & $12,300$ & $\backslash \backslash \backslash$hline Salaries and Wages Expense & $850$ & $\backslash \backslash \backslash$hline Insurance Expense & $500$ & $\backslash \backslash \backslash$hline Interest Expense & $7,000$ & $\backslash \backslash \backslash$hline Depreciation Expense & $3,400$ & $\backslash \backslash \backslash$hline Supplies Expense & $4,000$ & $\backslash \backslash \backslash$hline Rent Expense & $\backslash (\backslash$underline$\{\backslash$underline$\{127,050\}\}\backslash )$ & $\backslash (\backslash$underline$\{\backslash$underline$\{127,050\}\}\backslash )\backslash \backslash \backslash$hline & & $\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$ Instructions a$.$ Prepare an income statement and a retained earnings statement for the year ending December $31,2022,$ and an unclassified statement of financial position at December $31.$ b$.$ Answer the following questions. $1.$ If the note has been outstanding $6$ months, what is the annual interest rate on that note? $2.$ If the company paid $\backslash (17,500\backslash )$ in salaries and wages in $2022,$ what was the balance in Salaries and Wages Payable on December $31,2021?$