Part 4 Preparation of financial statements (15 marks) Note: The Adjustments that have not been made in the trial balance. Amounts are in 000's of dollars Debits Credits Cash 12,000 Accounts Receivable 5,000 Inventory 5,000 Prepaid Insurance 1,000 Equipment 20,000 Accumulated Depreciation 5,000 Accounts Payable 9,000 Salaries Payable Administrative Salaries Payable - Manufacturing Unearned Revenue 5,000 Current of Long Term Debt 2,000 Long Term Debt 10,000 Common Shares 3,000 Opening Retained Earnings 11,000 Sales 15,000 Cost of Goods Sold (excluding Depreciation) 10,000 Depreciation Expense for Manufacturing 2,000 Administration and Selling Expense 2,000 Administrative Salaries 2,000 Interest Expense 500 Income Taxes 500 60,000 60,000 Totals Adjustments: 1 Administrative Depreciation expense not booked 2 Prior Unearned Revenue earned in the period 3 Administrative Salaries earned but not paid 4 Manufacturing Salaries earned but not paid 5 Sales earned but not billed 1,000 5,000 500 1,000 1,500 Question - Prepare an Adjusted Trial Balance, Balance Sheet (Statement of Financial Position) and Income Statement. (15 marks) Focu