Georgy Cafe prepared the following trial balance at its year end of December $31,2021.$ The company is owned by Judas Georgy.

Georgy Cafe

Trial Balance

December $31,2021$

Account Titles DR CR

Cash $$14,600$

Accounts Receivable $$5,900$

Inventory$-$Food $$6,200$

Prepaid Expenses $$1,600$

Equipment $$40,200$

Accumulated Depreciation $$2,300$

Accounts Payable $$6,600$

Unearned Revenue $$5,600$

Bank Loan $$18,000$

Georgy, Capital $$31,370$

Georgy, Withdrawals $$1,700$

Sales Revenue $$51,730$

Gain on Sale of Equipment $$4,500$

Cost of Sales $$18,900$

Advertising Expense $$1,400$

Depreciation Expense $$2,300$

Interest Expense $$600$

Rent Expense $$14,200$

Salaries & Wages Expense $$12,500$

Total $$120,100$ $$120,100$

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 using the trial balance.

Do not enter dollar signs or commas in the input boxes.

Enter the accounts into the appropriate statements in the order they are presented on the trial balance.

Do not use negative signs.

Georgy Cafe

Income Statement

For the Year Ended December $31,2021$

Sales Revenue $Answer

Cost of Sales $Answer

Gross Profit $Answer

Operating Expenses

Answer

$Answer

Answer

$Answer

Answer

$Answer

Answer

$Answer

Total Income Statement $Answer

Operating Income $Answer

Other Income and Expenses

Answer

$Answer

Answer

$Answer

$Answer

Net Income $Answer

b$)$ Prepare a statement of owner's equity.

Georgy Cafe

Statement of Owner's Equity

For the Year Ended December $31,2021$

Georgy, Capital $($Beginning$)$ $Answer

Add: Net Income $Answer

Less: Georgy, Withdrawals $Answer

Subtotal $Answer

Georgy, Capital, December $31,2021$ $Answer

c$)$ Prepare a classified balance sheet.

Georgy Cafe

Balance Sheet

As at December $31,2021$

Assets

Current Assets

Answer

$Answer

Answer

$Answer

Answer

$Answer

Answer

$Answer

Total Current Assets $Answer

Property and Equipment

Answer

$Answer

Answer

$Answer

Total Property and Equipment $Answer

Total Assets $Answer

Liabilities

Current Liabilities

Answer

$Answer

Answer

$Answer

Answer

$Answer

Total Current Liabilities $Answer

Long$-$Term Liabilities

Answer

$Answer

Total Long$-$Term Liabilities $Answer

Total Liabilities $Answer

Owner's Equity

Answer

$Answer

Total Owner's Equity $Answer

Total Liabilities and Owner's Equity $Answer