MUUJU 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 $ 58,200 49,600 1,200 34,700 3,700 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 31; 32,200 shares) Paid-in capital Retained earnings (on April 1, 2018) Dividends declared and paid during the current year Sales revenue Cost of goodo sold Operating expenses (detail omitted to conserve time) Depreciation expense (on autos and including $700 on office equipment) Interest expense Income tax oxpense (not yet computed) Totalo $ 13,600 1,300 21,700 0 1.900 33,000 32,200 14,300 6,600 11,400 103,500 32,700 18,500 7,300 800 $218,100 $218,100 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 For the Year Ended March 31, 2019 Sales revenue Cost of goods sold Gross profit Operating expenses: Operating expenses $ 18,50 Depreciation expense 7.300 $ 103,500 32,700 70,800 25,800 Total operating expenses Income from operations Interest expense 800 Income before income taxes Income tax expense Net income Required information For the Year Ended March 31, 2018 Sales revenue Cost of goods sold Gross profit Operating expenses: Operating expenses Depreciation expense $ 103,500 32,700 70,800 18,500 7,300 Total operating expenses income from operations 25,800 Interest expense 800 Income before income taxes Income tax expense I'Net income 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 $ 0 0 S $ Total assets 0 Liabilities Required information Liabilities 2 Current Liabilities + Total current liabilities $ 0 Total liabilities 0 CES Stockholders' Equity Contributed capital Total contributed capital 0 Total stockholders' equity Total liabilities and stockholders' equity 0