E3-17 (Algo) Inferring Operating Transactions and Preparing an Income Statement and Balance Sheet LO3-2, 3-3, 3-4, 3-5 Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world. Its stores are located in rented space in malls and shopping centers. During its first month of operations ended April 30, Kate's Kite Company completed eight transactions with the dollar effects indicated in the following schedule: ook int rint -rence DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS Ending Accounts (a) (b) (C) (d) (e) (f) (g) (h) Balance Cash $63,500 $(11,900) $(5,300) $ 9,480 $(1,190) $(2,160) $3,800 Accounts 4,620 Receivable Inventory 23,800 (6,510) Prepaid 1,620 Expenses Store 11,900 Fixtures Accounts 18,500 $1,420 Payable Unearned 2,460 Revenue Common Stock ($ 1 9,525 par value) Additional Paid-in 53,975 Capital Sales 14,100 1,340 Revenue Cost of 6,510 Sales Wages 1,190 Expense Rent 540 Expense Utilities 1,420 Expense Required: 2. Compute the ending balance in each account and prepare an unadjusted classified income statement and a classified balance sheet for Kate's Kite Company on April 30. Complete this question by entering your answers in the tabs below. Reg 2A Req 2B Compute the ending balance in each account and prepare an unadjusted classified income statement for Kate's Kite Company on April 30. KATE'S KITE COMPANY Income Statement (unadjusted)