assified ement and 100 107 170 The following data are for Leone Lumber Company: LEONE LUMBER COMPANY Trial Balance December 31. 2018 Acct. No. Account Title Debits Credits Cash $ 90,640 103 Accounts Receivable 159,520 105 Merchandise Inventory, January 1, 2018 285,200 Supplies on Hand 5,360 108 Prepaid Insurance 4.800 112 Prepaid Rent 57,600 Equipment 88,000 171 Accumulated Depreciation Equipment $ 17,600 200 Accounts Payable 102,800 300 Capital Stock 220,000 310 Retained Earnings, 1/1/18 219,640 410 Sales 1,122,360 412 Sales Returns and Allowances 5,160 418 Interest Revenue 1.000 500 Purchases 500,840 502 Purchases Returns and Allowances 503 4,040 Transportation-In 7,840 Advertising Expense 78,000 508 Sales Salaries Expense 138,400 Office Salaries Expense 80,800 Officers' Salaries Expense 511 160,000 Utilities Expense 536 4,800 Legal and Accounting Expense 540 10,000 Interest Expense 567 Miscellaneous Administrative Expense 600 9,880 $1,687,440 $1,687440 505 509 510 1. A total of $3,400 of the prepaid insurance has expired. 2. An inventory of supplies showed that $1,700 of inventory is still on hand. 3. Prepaid rent expired during the year is $50,600. 4. Depreciation expense on store equipment is $8.800. 5. Accrued sales salaries are $4,000. 6. Accrued office salaries are $3,000. 7. Merchandise inventory on hand is $350,000. Prepare the following: e text for any other account numbers you need. A work sheet for the year ended December 31, 2018. Refer to the char shown in a separate file at the end of the text for any other account numb h A classified income statement. The only selling expenses are sales salaries advertising, supplies, and depreciation expense equipment. c. A statement of retained earnings. d. A classified balance sheet. e. Required closing entries