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IV. Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However $3,000 are included
IV. Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However $3,000 are included below: , 500 shares (s0.10 par value per share) issued at the end of the year for Debit Cred ash 1,500 Accounts receivable nterest receivable Prepaid insurance 1,600 Long-term notes receivable 2,800 15,290 Accumulated depreciation Accounts payable Accrued income taxes payable 2,700 2, 3,92 expenses payable nearned rent revenue ommon stock (800 shares 3,6 Additional paid-in capital Retained earnings 38 revenue revenue Rent revenue 19,500! 1,800 Utilities expense insurance Rent expense Income tax 2,700 57,620 57,620 Total 1. Prepare a multistep income statement in good form for the current year. Include earnings per share (rounded to two decimal places). 2. Prepare a statement of stockholders' equity in good form for the current year 3. Prepare a classified balance sheet in good form for the end of the current year
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