The following balances are extracted from the books of Vander Company at the end of December...

  

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The following balances are extracted from the books of Vander Company at the end of December 31, 2020: Accumulated depreciation - equipment Accounts payable Salary payable Share capital Retained earnings Unearned service revenue Depreciation expense - equipment Salary expense Rental expense Supplies expense Service revenue Cash Accounts receivable Supplies Prepaid rent Equipment Dividends S 18,500 31,580 10,500 70,000 49,500 25,800 3,800 74,100 180,000 2,450 289,000 11,050 125,780 3,500 30,000 46,200 18,000 Required: (a) Prepare the Income Statement of Vander Company for the year ended December 31, 2020. (7 marks) (b) Prepare the Statement of Retained Earnings of Vander Company for the year ended December 31, 2020. (5 marks) (c) Prepare the Statement of Financial Position of Vander Company as at December 31, 2020. (16 marks) The following balances are extracted from the books of Vander Company at the end of December 31, 2020: Accumulated depreciation - equipment Accounts payable Salary payable Share capital Retained earnings Unearned service revenue Depreciation expense - equipment Salary expense Rental expense Supplies expense Service revenue Cash Accounts receivable Supplies Prepaid rent Equipment Dividends S 18,500 31,580 10,500 70,000 49,500 25,800 3,800 74,100 180,000 2,450 289,000 11,050 125,780 3,500 30,000 46,200 18,000 Required: (a) Prepare the Income Statement of Vander Company for the year ended December 31, 2020. (7 marks) (b) Prepare the Statement of Retained Earnings of Vander Company for the year ended December 31, 2020. (5 marks) (c) Prepare the Statement of Financial Position of Vander Company as at December 31, 2020. (16 marks)