Exercises CHAPTER A | 185 E4-8 At the end of its fiscal year, the adjusted trial balance of Donatello Company is as follows: Prepare financial statements. (SO 4) AP Credit $ 5,700 DONATELLO COMPANY Adjusted Trial Balance July 31, 2014 Debit Cash $ 4,650 Accounts receivable 11.400 Prepaid rent 500 Supplies 750 Debt investments 8,000 Equipment 19,950 Accumulated depreciation-equipment Patents 18,300 Accounts payable Interest payable Unearned revenue Notes payable (due on July 1, 2016) B. Donatello, capital B. Donatello, drawings 16,500 Service revenue Interest revenue Depreciation expense 2,850 Interest expense 3,000 Rent expense 18,550 Salaries expense 36,050 Supplies expense 20,850 $161,350 4,245 750 2,050 45,000 28,285 75,000 320 $161,350 Instructions (a) Prepare an income statement and statement of owner's equity for the year. Mr. Donatello invested $5,000 cash in the business during the year. (b) Prepare a classified balance sheet at July 31, 2014