3. The Moondrop Grape Company has the following accounts and balances on December 31, 2018 and needs your help to prepare their financial statements. Using good format place the accounts into the correct place and total the numbers. Debit Credit Debit Credit Bad Debt Expense 5,000 Accounts Payable 2,200 Vehicle 54,200 Phone Expense 500 Allowance for Bad Debts 4,000 Note Payable (3,900 due within one year) 26,000 Accumulated Depreciation - Vehicle 7,000 Sales 150,000 Accounts Receivable 60,000 Cost of Goods Sold 90,000 Unearned Revenue 4,500 Cash 8,000 Depreciation Expense 6,000 Retained Earnings (Ending) 48,500 Common Stock 30,000 Moondrop Grape Company Moondrop Grape Company Income Statement Balance Sheet Assets Liabilities: Current Liabilities: Other Expenses: Total Current Liabilities Long Term Liabilities: Total Long Term Liab. Total Liabilities Equity Neo Re 4,500 Depreciation Expense 6,000 Cash 8,000 Retained Earnings (Ending) Common Stock 48,500 30,000 Moondrop Grape Company Income Statement Moondrop Grape Company Balance Sheet Assets Labilities: Current Uabilities: Other Expenses: Total Current Liabilities Long Term Liabilities: Total Long Term Liab. Total Liabilities Equity: Total Other Expenses Total Equity Total Liab & Equity Total Assets MacBook