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Please complete all parts of the question: Required information [The following information applies to the questions displayed below.] South Bend Repair Service Company keeps its

Please complete all parts of the question:
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Required information [The following information applies to the questions displayed below.] South Bend Repair Service Company keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: SOUTH BEND REPAIR SERVICE COMPANY Unadjusted Trial Balance For the Year Ended December 31 Debit Credit Cash 20,200 Accounts receivable 7,600 Supplies 1,900 Prepaid insurance 1,500 Equipment 27,600 Accumulated depreciation 12,600 Other assets 5,700 3,100 Accounts payable Wages payable Income taxes payable Note payable (two years; 128 interest due each December 31) Common stock (3,200 shares outstanding all year) Additional paid-in capital 5,600 360 16,300 9,640 51,000 Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense 25,800 8,300 Totals 98,600 98,600 Data not yet recorded at December 31 of the current year include: a. Depreciation expense for the current year, $3,600. b. Insurance expired during the current year, $750. c. Wages earned by employees but not yet paid on December 31 of the current year, $2,700. d. The supplies count at the end of the current year reflected $900 in remaining supplies on hand to be used in the next year. e. Seven months of interest expense (on the note payable borrowed on June 1 of the current year) was incurred in the current year. f. Income tax expense was $2,514. . Prepare an income statement (with Operating Income and Other Items sections, and earnings per share) for the current year to lude the effects of the preceding six transactions. b. Prepare a classified balance sheet for the current year to include the effects of the preceding six transactions. 40 2-a. Prepare an income statement (with Operating Income and Other Items sections, and include the effects of the preceding six transactions. 2-b. Prepare a classified balance sheet for the current year to include the effects of the pre Complete this question by entering your answers in the tabs below. Required 2a Required 2b Prepare an income statement (with Operating Income and Other Items sections, and earnings to include the effects of the preceding six transactions. (Round "Earnings per share" to 2 decir SOUTH BEND REPAIR SERVICE COMPANY Income Statement Operating revenues Operating expenses Total operating expenses Other Items: Income before taxes Earnings per share Required 2a 0 Required 2b > Income tax expense 98,600 Totals Data not yet recorded at December 31 of the current year include: a. Depreciation expense for the current year, $3,600. b. Insurance expired during the current year, $750. c. Wages earned by employees but not yet paid on December 31 of the current year, $2,700. d. The supplies count at the end of the current year reflected $900 in remaining supplies on hand to be used in the next year. e. Seven months of interest expense (on the note payable borrowed on June 1 of the current year) was incurred in current year. f. Income tax expense was $2,514. 2-a. Prepare an income statement (with Operating Income and Other Items sections, and earnings per share) for the current) include the effects of the preceding six transactions. 2-b. Prepare a classified balance sheet for the current year to include the effects of the preceding six transactions. Complete this question by entering your answers in the tabs below. Required 2a Required 2b Prepare a classified balance sheet for the current year to include the effects of the preceding six transactions. (Amounts to be dedu be indicated by a minus sign.) SOUTH BEND REPAIR SERVICE COMPANY Balance Sheet Current assets Current liablities $ 0 Total current assets Total assets $ $ $ $ $ 0 0 "0

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