1) Use your completed worksheet to prepare (a) an Income Statement, (b) a Statement of Owner's Equity and (c) a Classified Balance Sheet as of December 31, 2019

1 Z Mid-Way Tech System Inc Work Sheet For Year Ended December 31, 2019 Unadjusted Account Title Trial Balance Adjusted Trial Balance Adjustments 5 No. CR DR CR DS 2 9 101 126 127 DR 320,000 241,000 232.000 70,000 37.000 700,000 13.000 (6) 7,000 95.000 (6) 140.000 15 400,000 285.000 16 (d) 5300 TE 131 167 168 176 186 201 202 203 208 251 301 305 401 451 501 45.000 70,000 30,000 (e) 5.000 Cash Marketable Securities Short-term investments Inventory Accounts Receivables Building Accumulated depreciation Building Land Patents Accounts payable Short-term cotes payable Interest payable Rent payable Long-term notes payable Common Stock Retained Eamings Sales Intervenc Cost of Goods Sold Depreciation Equipment Advertising expenses Insurance expense Rent expose Supplies expense Salaries pense Amortization expense Repairs expense Utilities expense Totals 136.000 400,000 1.075.000 2,659.000 232.000 7,000 (6) 1.470.000 612 (a (c (d (d 47.000 637 13,000 140,000 5.000 4.100 1.000 3.000 5.000 (d J (d le 683 685 686 45.000 35.000 687.000 98.000 32,000 43.000 4.742.000 (d) 41,000 690 4,742,000 219,300 219,300 Requirements: 1) Use your completed worksheet to prepare an income Statement, Statement of Owner's quity and dad Balance Sheet of December 31, 2019