Glent Company prepared the following adjusted trial balance at its year-end of November 30, 2019. The company is owned by Judas Glent. Englis Glent Company Trial Balance November 30, 2019 Account Titles DR CR Cash $14,600 Accounts Receivable $5,700 Merchandise Inventory $6,200 Prepaid Expenses $2,200 Store Equipment $40,400 Accumulated Depreciation Equipment $2,800 Accounts Payable $6,100 Unearned Revenue $5,600 Bank Loan $18,000 Glent, Capital $33,310 Glent, Withdrawals $1,500 Sales Revenue $53,490 Gain on Sale of Equipment $4,900 Cost of Goods Sold $19,100 Advertising Expense $1,600 Depreciation Expense-Equipment $2,800 Interest Expense Office Salaries Expense $4,500 Rent Expense Retail Space $10,300 Rent Expense-Office Space $5,600 Sales Salaries Expense $8.900 Total 15124.200 $124200 ype here to search li $800 O C 1 REDMI NOTE 8 CO AI QUAD CAMERA AME Engage Total $124,200 $124,200 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 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, Glent Company Income Statement For the Year Ended November 30, 2019 Sales Revenue $ Cost of Goods Sold $ Gross Profit $ Operating Expenses Selling Expenses S $ N + $ s Total Selling Expenses Administrative Expenses BA O REDMI NOTE 8 CO AI QUAD CAMERA c i 47 Total Selling Expenses Administrative Expenses $ Total Administrative Expenses Total Operating Expenses $ Income from Operations $ Other Income and Expenses $ $ $ Net Income b) Prepare a statement of owner's equity. Glent Company Statement of Owner's Equity For the Year Ended November 30, 2019 Glent, Capital (Beginning) Add: Net Income e her O REDMI NOTE 8 als AI QUAD CAMERA O e 47 AME Engage Less: Glent Withdrawals Subtotal Glent, Capital, November 30, 2019 C) Prepare a classified balance sheet. Glent Company Balance Sheet As at November 30, 2019 Assets Current Assets $ S $ $ Total Current Assets Property, plant, and Equipment $ Total Property, Plant, and Equipment REDMI NOTE 8 CO AI QUAD CAMERA im