A & R Problem 13-1 The following adjusted trial balance information (with accounts in alphabetical order) for Willis Tour Co. Inc. as at December 31, 2020. was made available after its second year of operations Account Accounts Payable Accumulated Depreciation, Office Equipment Cash Debit Credit $3,400 8,900 Dividends Payable Common Shares, 29,000 authorized; 10,000 issued and outstanding $15,400 13,400 Gain on Expropriation of Land and Building 5,400 Income Tax Expense 34,000 11,500 Income Tax Payable 2,900 Loss on Sale of office Equipment Notes Payable (due in 18 months) Office Equipment Operating Expenses 2,000 shares issued and outstanding 14,400 9,400 65,000 204,500 Preferred Shares, $0.30 non-cumulative; 5,900 shares authorized; 10,900 Prepaid Rent Retained Earnings Ticket Sales Totals 23,400 14,900 214,000 $337,200 $137,200 Required: The dividends declared by Willis in the amount of $5,400 during the year ended December 31, 2020, were debited directly to retained earnings. Prepare an income statement (in multi-step format), and a classified balance sheet for Willis Tour Co. Inc. using the Information provided. Include the appropriate presentation for earnings per share. (Round the "Earnings per Share" answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) WILLIS TOUR CO. INC