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Glent Company prepared the following trial balance at its year end of August 3 1 , 2 0 2 2 . The company is owned

Glent Company prepared the following trial balance at its year end of August 31,2022. The company is owned by Judas Glent.
Glent Company
Trial Balance
August 31,2022
Account Titles DR CR
Cash $15,000
Accounts Receivable $6,100
Merchandise Inventory $6,700
Prepaid Expenses $2,200
Store Equipment $40,100
Accumulated Depreciation-Equipment $2,800
Accounts Payable $6,500
Unearned Revenue $5,100
Bank Loan $9,000
Glent, Capital $46,550
Glent, Withdrawals $1,800
Sales Revenue $51,650
Gain on Sale of Equipment $4,400
Cost of Goods Sold $20,000
Advertising Expense $1,900
Depreciation Expense-Equipment $2,800
Interest Expense $600
Office Salaries Expense $4,900
Rent Expense-Retail Space $10,100
Rent Expense-Office Space $5,300
Sales Salaries Expense $8,500
Total $126,000 $126,000
Notes: Assume the balance of owner's equity is the opening balance. The bank loan is payable over 10 years in equal annual installments.
Required
a) Prepare a multi-step income statement,statement of owners equity and balance sheet.

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