Jordan Sales Company (organized as a corporation on April 1, 2017) has completed the accounting cycle for the second year, ended March 31, 2019. Jordan also has completed a correct trial balance as follows: Credit Debit $ 58,000 49,200 1,500 34,900 $ 13,700 3,400 JORDAN SALES COMPANY Trial Balance At March 31, 2019 Account Titles Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment Accumulated depreciation, office equipment Accounts payable Income taxes payable Salaries and commissions payable Note payable, long-term Capital stock (par $1; 32,800 shares) Paid-in capital Retained earnings (on April 1, 2018) Dividends declared and paid during the current year Sales revenue Cost of goods sold Operating expenses (detail omitted to conserve time) 1,500 21,300 1,900 32,200 32,800 4,900 6,500 11,200 102,600 Depreciation expense (on autos and including $500 on office equipment) 32,600 18,400 7,200 1,000 Interest expense Income tax expense (not yet computed) Totals $ 217,400 $217,400 Required: Complete the financial statements as follows: a. Classified (multiple-step) Income statement for the reporting year ended March 31, 2019. Include Income tax expense, assuming a 35 percent tax rate. (Round your "Earnings per share" to 2 decimal places.) JORDAN SALES COMPANY Income Statement Operating expenses: Total operating expenses Earnings per share b. Classified balance sheet at the end of the reporting year, March 31, 2019. Include (1) income taxes for the current year in Income Taxes payable and (2) dividends in Retained earnings. (Amounts to be deducted should be indicated by a minus sign.) JORDAN SALES COMPANY Balance Sheet Assets Current Assets Total current assets Liabilities Current Liabilities Total current liabilities Total liabilities Stockholders' Equity Contributed capital Total contributed capital Total stockholders' equity Total liabilities and stockholders' equity