Please answer it immediately

Exercise 1. Preparing financial statements and evaluating business performance Presented here are the accounts of Quick and EZ Delivery Corporation for the year ended December 31, 2021. ! I 1 Land Note payable Property tax expense Dividends Rent expense Salary expense Salary payable Service revenue Supplies Retained earnings, 12/31/2020 $ 7,000 30,000 2,900 32,000 13,000 69,000 500 192,000 8,000 51,000 Common stock Accounts payable Accounts receivable Advertising expense Building Cash Equipment Insurance expense Interest expense $ 32,000 14,000 1,700 17,000 137,900 6,000 17,000 2,000 6,000 Requirements 1. Prepare Quick and EZ Delivery Corporation's income statement. 2. Prepare the statement of retained earnings. 13. Prepare the balance sheet. 4. Answer these questions about the company: a. Was the result of operations for the year a profit or a loss? How much? b. How much in total economic resources does the company have as it moves into the new year? C. How much does the company owe to creditors? d. What is the dollar amount of the stockholders' equity in the business at the end of the year? 1