CR Take me to the text Glent Company prepared the following adjusted trial balance at its year-end of October 31, 2019. The company is owned by Bruce Glent Glent Company Trial Balance October 31, 2019 Account Titles DR Cash $14.400 Accounts Receivable $6,000 Merchandise Inventory $6,400 Prepaid Expenses $2,000 Store Equipment $39,800 Accumulated Depreciation Equipment $2,800 Accounts Payable $6,900 Uneamed Revenue 55,700 Bank Loan $9.000 Glent, Capital $40,920 Glent Withdrawals $1,400 Sales Revenue $54,7801 Gain on sale of Equipment 54,100 Cost of Goods Sold $19,300 Advertising Expense $2,000 Depreciation Expense Equipment $2,800 Interest Expense 5600 Office Salaries Expense 54,900 Rent Expense Retail Space $10,600 Rent Expense-Office Space $5,800 Sales Salaries Expense 58.200 $124.200 5124,200 Notes Assume the balance of owner's equity is the opening balance. The bank loan is payable over 9 years in equal annual installments. Required a) Prepare a multi-step income statement e here to search BI Total o Glent Company Income Statement For the Year Ended October 31, 2019 Sales Revenue cost of Goods Sold Gross Profit Operating Expenses Selling Expenses es $ . Total Selling Expenses Administrative Expenses es Total Administrative Expenses 15 Total Operating Expenses income from Operations Other Income and Expenses Type here to search o . Total Operating Expenses 5 Income from Operations Other Income and Expenses $ $ 0 $ $ Net Income b) Prepare a statement of owner's equity. Glent Company Statement of Owner's Equity For the Year Ended October 31, 2019 Glent Capital (Beginning) Add: Net Income $ Less: Glent, Withdrawals $ Subtotal Glent, Capital, October 31, 2019 C) Prepare a classified balance sheet clont Glent Company Balance Sheet As at October 31, 2019 Assets Current Assets $ $ $ Total Current Assets Property, Plant, and Equipment es $ Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities $ . $ . Total Current Liabilities Long-Term Liabilities ype here to search o ! E Current Liabilities > $ ta > $ Total Current Liabilities $ Long-Term Liabilities $ Total Long-Term Liabilities $ Total Liabilities $ Owner's Equity * $ Total Owner's Equity $ Total Liabilities and Owner's Equity $