Healthy eating foods company as a distributor of nutritious snack foods such as granola bars and December 31, 2019 the firms general ledger contained the accounts and balances that follow.

genera Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm ledger contained the accounts and balances that follow ACCOUNTS AND BALANCES Cash Accounts Receivable $ 31,100 Dr. 36,200 Dr. Allowance for Doubtful Accounts 520 Cr. Merchandise Inventory 87,000 Dr. Supplies 11.400 Dr. Prepaid Insurance 6,600 Dr. Office Equipment 7,400 Dr. Accum. Depreciation Office Equipment 2,750 Cr. Warehouse Equipment 28,200 Dr. Accum. Depreciation Warehouse Equipment 11,600 Cr. Notes Payable-Bank 37,000 Cr. Accounts Payable 13,200 Cr. Interest Payable Social Security Tax Payable 1,780 Cr. Medicare Tax Payable 398 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital 117,874 Cr. Phillip Tucker, Drawing 61,000 Dr. Sales 663,778 Cr. Sales Returns and Allowances 11,000 Dr. Purchases 355,000 Dr. 10,200 Cr. Purchases Returns and Allowances Income Summary 37,000 Dr. Rent Expense 3,200 Dr. Telephone Expense 170,000 Dr. Salaries Expense 14,000 Dr. Payroll Taxes Expense Supplies Expense Insurance Expense Depreciation Expense-Office Equip. Depreciation Expense-Warehouse Equip. Uncollectible Accounts Expense Interest Expense ADJUSTMENTS a-b. Merchandise inventory on December 31, 2019, is $79,000. c. During 2019, the firm had net credit sales of $570,000. past experience indicates that 0.25 percent of these sales should result in uncollectible accounts d. On December 31, 2019, an inventory of supplies showed that items costing $1,280 were on hand. e. On May 1, 2019, the firm purchased a one-year insurance policy for $6,600. T. on January 2, 2017, the firm purchased office equipment for $7,400. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $525. g. On January 2, 2017, the firm purchased warehouse equipment for $28,200. At that time, the equipment was estimated to have a useful life of four years and a salvage value of $5,000. h. On November 1, 2019, the firm issued a four-month, 12 percent note for $37,000. 1. On December 31, 2019, the firm owed salaries of $10,000 that will not be paid until 2020 J. On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $10,000 of accrued wages. k. On December 31, 2019, the firm owed the federal unemployment tax (assume 0.6 percent) and the state unemployment tax (assume 5.4 percent) on the entire $10,000 of accrued wages. Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: When the financial statements for Healthy Eating Foods Company are prepared, what net income will be reported for the period ended December 31, 2019? Trial Balance Debit Credit Year Ended December 31, Adjustments Debit Credit Account Name Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Office Equipment Accumulated Depr.-Office Equipment Warehouse Equipment Accumulated Depr.-Warehouse Equipment Notes Payable Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital Phillip Tucker, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowance Income Summary Rent Expenses Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depr. Expense-Office Equipment Depr. Expense-Warehouse Equipment Uncollectible Accounts Expense Interest Expense Totals Net Income 0 $ 0 $ Tral Balance Name D ebit Musumente Debit Credit Credit d Debit al Balance Credit Income Statement Debit Credit Balance sheet Debit Credit Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid insurance Office Equipment Accumulated Depr.-Office Equipment Warehouse Equipment Accumulated Depr-Warehouse Equipment Notes Payable Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salanes Payable Philip Tucker capital Philip Tucker. Drawing LL Sales Returns and Allowances Purchases Returns and Allowance Telephone Required: Prepare the Trail Balance section of a co 2. Enter the adjustments above in the Adjus 3. Complete the worksheet Analyze When the financial statements for Healthy Eating ended December 31, 20197 Complete this question by entering your answ Worksheet Analyze When the financial statements for Healthy Eating the period ended December 31, 2017 Round Net income Work