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Glent Company prepared the following trial balance at its year end of September 30,2018. The company is owned by Wayne Glent. Cash 14600 A/R 6000

Glent Company prepared the following trial balance at its year end of September 30,2018. The company is owned by Wayne Glent.

Cash 14600
A/R 6000
Merchandise Inventory 6600
prepaid expenses 2000
store equipment 40000
accumulated depreciation-store equipment 2500
accounts payable 8000
unearned revenue 6000
notes payable 9000
glent,capital 38750
glent,withdrawals 1000
sales revenue 61750
gain on sale of equipment 4000
cost of goods sold 30000
depreciation expense-store equipment 500
interest expense 600
advertising expense 1200
rent expense-retail space 10000
Rent expense-office space 5000
Sales salries expense 8000
Office salaries expense 4500
Total 130000 130000

Notes:

Assume the balance of owners equity is the opening balance

The note payable is payable over the next nine years in equal annual installments

A) Prepare a multiple step income statement using the trial balances

B) prepare a statement of owners equity using the trial balances

C) Prepare a classified balance sheet using the trial balances

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