P3-62A (similar to) Assignments The adjusted trial balance for the year of Dreamer Corporation at October 31, 2018, follows. Click the icon to view the adjusted trial balance) Do Homework Read the requirements Take a Quiz/Test Requirement 1. Prepare Dreamer Corporation's 2018 single-step income statement statement of retained camings, and balance shoot Begin by preparing Dreamer's 2018 income statement Dreamer Corporation Income Statement Year Ended October 31, 2018 3 ber in the input fields and then chick Check Check Answer > 12 Assignments The adjusted trial balance for the year of Dreamer Corporation at October 31, 2018, follows. (Click the icon to view the adjusted trial balance.) Do Homework Read the requirements Take a Quiz/Test Income before tax Choose from any stor enter any number in the input fields and then click Check Answer 4 parts + remaining Clear All Check Answer Type here to search k n D I Y P I Credit Dreamer Corporation Adjusted Trial Balance October 31, 2018 Account Debit Cash 16,000 Accounts receivable 18,900 Supplies 2,500 Prepaid rent 1,400 Equipment 36,000 Accumulated depreciation equipment Accounts pavable 4,100 9300 or enter any Print Done Che 79+ 9 otse @ i Data Table The adjusted trial balance for the ye (Click the icon to view the adjus Read the requirements. Accumulated depreciation equipment Accounts payable Interest payable Unearned service revenue Income tax payable Note payable Common stock Retained earnings Dividends Service revenue Depreciation expense equipment 4,100 9,300 1,050 600 2,300 18,800 10,000 2,900 Income before tax 5,000 99,450 1,000 Choose from any list or enter any 4 parts Print Done remaining Check Answer ype here to search o 3 e 1.92 Menu P3-62A (similar to) Ques ments Data Table The adjusted trial balance for the yol 1: (Click the icon to view the adjus amework Toro US Read the requirements 5,000 a Quiz/Test 99,450 Dividends Service revenue Depreciation expense equipment Salary expense Rent expense Interest expense Insurance expense Supplies expense Income tax expense 1,000 40,600 11,200 3,200 3,300 2,200 7,200 148,500 $ Income before tax $ 148,500 Total Choose from any list or enter any Print Done Check Answe 4 4 parts remaining ' o e 159 Type here to search . ho usted trial balance.) i Requirements 1. Prepare Dreamer Corporation's 2018 single-step income statement, statement of retained earnings, and balance sheet. 2. Dreamer's lenders require that the company maintain a debt ratio no higher than 0.50. Calculate Dreamer's debt ratio at October 31, 2018, to determine whether the company is in compliance with this debt restriction. If not, suggest a way that Dreamer could have avoided this difficult situation. Print Done