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Plant Universe Ltd - Camellia Branch Trial Balance as at June 3 0 , 2 0 2 2 The following additional information is available at

Plant Universe Ltd- Camellia Branch
Trial Balance as at June 30,2022
The following additional information is available at June 30,2022:
(i) Store Supplies on hand at June 30,2022 amounted to $355,000.
(ii) Insurance of $211,500 was paid on April 1,2022, for 9-months to December 2022
(iii) Rent was prepaid on March 1,2022, for 7-months to September 2022.
(iv) The furniture and fixtures have an estimated useful life of 10 years and is being depreciated on the straight-line method down to a residual value of $10,000.
(v) The motor truck was acquired on December 1,2021, and is being depreciated
over 5 years on the double-declining balance method of depreciation, down to
a residue of $15,000
(vi) Salaries earned by employees not yet paid amounted to $188,000 at June 30,2022.
(vii) Accrued interest expense as of June 30,2022, $105,000.
(viii) On June 30,2022, $185,000 of the previously unearned sales revenue had been earned.
(ix) The aging of the Accounts Receivable schedule at June 30,2022 indicated that the
Allowance for Bad Debts should be $140,000.
(x) After making all other adjustments, a physical count of inventory was done, which
reveals that there was $1,380,500 worth of inventory on hand at June 30,2022
Other data:
(xi) The business is expected to make principal payments totalling $600,000 towards the
loan during the fiscal year to June 30,2023
Required:
c) Prepare the companys multiple-step income statement for the period ending June 30,2022
d) Prepare the companys statement of owners equity at June 30,2022
e) Prepare the companys classified balance sheet at June 30,2022

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