Ivanhoe Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash $21,930 Accounts Receivable 43,860 Inventory 19,522 Land 55,900 Buildings 81,700 Equipment 34,400 Allowance for Doubtful Accounts $387 Accumulated Depreciation-Buildings 25,800 Accumulated Depreciation-Equipment 12,384 Accounts Payable 16,598 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 6,880 Bonds Payable (10%) Preferred Stock ($20 par) 43,000 -0- Paid-in Capital in Excess of Par-Preferred Stock Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock -0- 25,800 5.160 Retained Earnings 64,543 Treasury Stock -0- Cash Dividends -0- Sales Revenue 490.200 Rent Revenue -0- Bad Debt Expense Interest Expense -0- -0- Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense Total 344,000 -0- 33,540 55,900 $690,752 $690,752 Unrecorded transactions and adjustments: 1. On January 1, 2022, Ivanhoe issued 860 shares of $20 par, 6% preferred stock for $18.920. 2. On January 1, 2022, Ivanhoe also issued 860 shares of common stock for $19,780. 3. Ivanhoe reacquired 258 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Ivanhoe declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Ivanhoe estimates that uncollectible accounts receivable at year-end are $4,386. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,300. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,440. 8. 9. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022. has not been paid or recorded. (Ignore income taxes.) (a) Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. Debit Credit 6. 7. 8. 9. (b) Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). IVANHOE CORPORATION Adjusted Trial Balance Debit Credit 5 (c) Prepare a multiple-step income statement for the year ending December 31, 2022. (List other revenues before other expenses.) IVANHOE CORPORATION Income Statement A (d) Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earning first.) IVANHOE CORPORATION Retained Earnings Statement (e) Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter IVANHOE CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity