Exercise 4-2 (Algo) Extending accounts to financial statement columns LO P1 The Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Account Number Account Title Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit Debit Credit 101 Cash $ 4,700 $ 4,700 106 Accounts receivable 20.539 20,539 153 Trucks 41,500 41,500 154 Accumulated depreciation-Trucks $ 16,683 $ 16,683 183 Land 30,000 30,000 201 Accounts payable 10,951 10.951 209 Salaries payable 2,505 2.505 236 Unearned revenue 1,905 1,905 301 B. Planta, Capital 62,304 62,304 302 B. Planta, Withdrawals 14,326 14,326 403 Plumbing revenue 79,000 $ 79,000 611 Depreciation expense-Trucks 5,561 S 5,561 622 Salaries expense 36,972 36,972 640 Rent expense 12,008 12,008 677 Miscellaneous expenses 7.742 Totals $ 173,348 $173,348) 7,742 62,283 79,000 111.065 94,348 Net income Totals $ 62,283 $ 79,000 $ 111,065 $ 94,348