Accrual Accounting P3-73B Leaming Obiecthes t:prcparing the financial statements) The adjusted a ance of Sneed Corporation at October 31, 20x6, follows: I R Sneed Corporation Adjusted Trial Balance October 31, 20x6 Debit Credit Account Cash Accounts receivab l. Suppli.. Prepaid rent. Equipment Accumulated depreciation Accounts payable. Interest payabl... Unearned service revenue.... 1,600 8,800 2,100 1,000 36,700 De 4,400 3,800 400 900 bal nee Note payable. Share capital.. Retained earning. 2,500 18,600 8,000 4,000 25,000 Service revenue. Depreciation expense.1,200 Salary expense40,500 Rent expense Interest expense Insurance expense Supplies expens.. Income tax expense..44 300 Total 101,700 ...10,200 3,200 3,600 .2,900 7,500 I Requirements 1. Prepar e Sneed's 20x income statement, statement of changes it tatement sheet. List expenses (except for income tax) in decreasing order on the income and show total liabilities on the balance sheet anges in equity, and balance