Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world. Its stores are located in rented space in malls and shopping centers. During its first month of operations ended April 30, Kate's Kite Company completed eight transactions with the dollar effects indicated in the following schedule: Ending Balance (d) Accounts Cash Accounts Receivable Inventory Prepaid Expenses Store Fixtures Accounts Payable Unearned Revenue Common Stock ($1 par value) Additional Paid-in Capital Sales Revenue Cost of Sales Wages Expense Rent Expense Utilities Expense DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS (a) (b) (c) (e) (f) (g) (h) $ 64,000 $(13,000) $ (5,500) $ 8,880 $(1,230) $(2,440) $ 3,760 3,920 24,300 (5,910) 1,830 13,000 18,800 $ 1,430 2,450 9,600 54,400 12,800 1,310 5,910 1,230 610 1,430 Required: 2. Compute the ending balance in each account and prepare an unadjusted classified income statement and a classified balance sheet for Kate's Kite Company on April 30. X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2A Req 2B X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 2A Req 2B Compute the ending balance in each account and prepare an unadjusted classified income statement for Kate's Kite on April 30. KATE'S KITE COMPANY Income Statement (unadjusted) For the Month Ended April 30 Sales revenue $ 14,110 0 Total revenues $ 14,110 Expenses: 0 0 Cost of sales 5,910 1,230 610 Wages expense Rent expense Utilities expense Total operating expenses 1,430 9,180 4,930 Net income $