PART 2 Hanson Storage adjusted trial balance as of December 31 of the current year follow 1.100 28.000 HANSON STORAGE Adjusted Trial Balance December 31, 200- Cash 3,050 Accounts Receivable 400 Prepaid Insurance 830 Office Supplies BO Office Equipment 4,200 Accum Dept.- Office Equip Buildings 98,000 Accum. Depr.- Buildings Land 115,000 Wages Payable Property Taxes Payable Interest Payable Uncarned Rent Long-term Notes Payable M. Hanson, Capital M. Hanson, Withdrawals 21,000 Rent Eamed Wages Expense 25,000 Utilities Expense 1,900 Property Taxes Expense 2,400 Insurance Expense 800 Office Supplies Expense 250 Depr. Exp. - Office Equip 400 Depr. Exp. - Buildings 5,570 Interest Expense 3,000 Totals 281,880 880 1.400 2,200 460 150,000 40,340 57,500 281,880 1. Prepare an income statement from the adjusted trial balance of Hanson Storage. 2. Prepare a statement of owner's equity from the adjusted trial balance of Hanson Storage. Ms. Hanson's capital account balance of $40,340 consists of a 30,340 beginning-year balance plus a $10,000 investment during the current year. 3. Prepare a classified balance sheet from the adjusted trial balance of Hanson Storage. Income Statement Statement of Owner Equity Balance Sheet