Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world.Its stores are located in rented space in mals and shopping centers. During its first month of operations ended April 3D, Kate's Kite Company completed eight transactions with the dolar effects indicated in the foliowing schedule DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS (a) (b) (c) (d) (e) (g) (h) Balance S64,000 (13,100) (5,200) 9,580 (1,170) $12,380) S3,860 Accounts Receivable 23,800 (210) Prepaid Expenses Store Fixtures Accounts Payable Unearned Revenue Comman Stock ($1 par 1,770 13,100 18,600 $1,440 9,600 Additional Pald-In Capital Sales Revenue Cost of Sales Wages Expense Rent Expense Ubilties Expense 54,400 13.200 1,390 1,170 ,440 2. Computs the ending balanca in each account and prepare an incoma statement and a classified balanca sheet for Kate's Kite Company on April 30. Income Statement Total ex Balance Sheet Assets Liabilitios and Sh Equity rrent Assets current asses Tolal current liabilities Shareholders Equit ptal shareholders $ otal Labilites &