Part B: Financial Statement Preparation (47 points ) Trails , Inc ., publishes magazines for skiers and hikers . The company's adjusted trial balance for the year ending December 31, 2018 is : TRAILS , INC . Adjusted Trial Balance December 31 , 2018 Debi Credit Cash $ 3,400 Accounts receivable 8,600 Supplies 4,200 Prepaid insurance 930 Office equipment 66,000 Accumulated depreciation $11,000 Accounts payable 2,100 Unearned subscription revenue 10,000 Salaries payable 3,500 common stock 25,000 Retained earnings 23,220 Subscription revenue 168,300 Advertising revenue 49,700 Salaries expense 100,230 Printing and mailing expense 85,600 Rent expense 8,800 Supplies expense 6,100 insurance expense 1,860 Depreciation expense 5,500 Income tax expense 1,600 Totals $ 292,820 $ 292,820 Requirements: 1. On page 4, prepare an income statement for Trails , Inc . for the year ended December 31, 2018 . Include subheadings and subtotals for revenues and expenses . Include a subtotal for income before taxes . 2. On page 5, prepare a classified balance sheet for Trails, Inc. at December 31, 2018. A classified balance s e sheet presents current assets separately from noncurrent assets and current liabilities separately from long-term liabilities , if any . Include subheadings and subtotals for each