5. Prepare financial statements from an adjusted trial balance: Suppose that June 30th is the end of the accounting period for Smith & Jones, Co. Below is the adjusted trial balance for Smith & Jones, Co. as of June 30th: Smith & Jones Co. Adjusted Trial Balance June 30, 2018 Debits Credits Cash $126,895 A/R $91,054 Prepaid Rent $25,000 Supplies $3,040 Building $105,000 Accumulated Depreciation-Building $21,000 A/P $33,077 Interest payable $9,300 Wages payable $14,095 Notes payable $200,000 Common Stock $47,000 Dividends $500 Retained Earnings $8,000 Service Revenue $56,146 Wages Expense $11,309 Depreciation Expense $10,500 Interest Expense $9,300 Supplies Expense $1,020 Rent Expense $5,000 TOTALS: $388,618 $388,618 PART 1 - Prepare the Income Statement: Prepare the Income Statement for Smith & Jones, Co. for the period ended June 30th, 2018. PART 2 - Prepare the Statement of Shareholders' Equity: Prepare the Statement of Shareholders' Equity for Smith & Jones, Co. for the period ended June 30th, 2018. Assume no common stock was issued in 2018. PART 3 - Prepare a Classified Balance Sheet: Prepare the classified Balance Sheet for Smith & Jones, Co. as of June 30th, 2018