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Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2016, and the related month-end adjustment data. (i) (Click the icon to viow the

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Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2016, and the related month-end adjustment data. (i) (Click the icon to viow the month-end adjustment data.) Requirements 2. Prepare the single-step monthly income statement, the statement of ratained earnings, and the classified balance sheet. More info Adjustment data at December 31, 2016: a. Accrued service revenue at December 31,$3,640. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,300 relates to the period December 1, 2016 through February 28, 2017. c. Supplies used during December, Sil 160 . d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $23,000 will be paid on Friday. Month Ended December 31, 2016 Depreciation Expenses: Net income Net loss Rent expense Revenue: A Salary expense ed earnings. E Service revenue mpleted in Requirement 1. Supplies expense nc. Total expenses Utilities expense Fabuloso, Inc. Statement of Retained Earnings Month Ended December 31, 2016 Add: Subtotal Less: efinition

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