Please follow the format listed below and fill in the blank information.

ount 10,000 400,000 20,000 150,000 50,000 100,000 300,000 30,000 40,000 250,000o 30,000 100,000 10,000 390,000 Balance Sheet Classifications Assets: Current Assets Long Term Investments Property Plant and Equipment Intangible Assets Other Assets Johnson Parker is a automotive parts company that sells car parts and provides car service to customers. This is Johnson Parker's first year of operations and they noted the following adjusted trial balance at year-end. ccount Descriptiorn ccounts Receivable owance for Dou ccoun nventory As such, they have hired you as their CPA to prepare the income statement and balance sheet for their company. Johnson Parker has notified you of the following things to consider: es re-Paid Expense Liabilities: Current Liabilities ccumulated Depreciation 1.) Net Income hasn't been closed out to retained earnings yet as of the end of the Investment (Available for Sale period. unts Payable erm De Stockholders Equit 2.) When preparing the income statement, ensure that you use the Multiple Step Method. nearned Service Kevenue ommon Stoc tional Pai 3.) Pre-Paid Expenses are for expenses that will be incurred by Johnson Parker in 3 years. arnings 10,000 1,000,000 500,000 ecurity nrealized Gain from evenue ervice Revenue ar 4.) Supplies Inventory are all considered to be used in one year 5.) Johnson Parkers investments are considered long-term 6.) Classify all selling and administrative expenses under the operating expense 50,000 10,000 12,000 100,000 300,000 30,000 20,000 1,000 0 ent Expense min Wages section on the income statement. es Team Wages eprecation Expense ad Debt Expense nterest Income nterest Expense 7.) Items that need to be recorded net of tax for the financial statements are entered net of tax on the trial balance. Prepare the Balance Sheet and Income Statement on the following tabs below using the adjusted trial balance to the right. 10,000 93,500 50,000 30,000 5,000 ain on Sale o ncome Tax ense ss on Operations of Discontinued Operations ss on Sale of Assets of Discontinued Operations oss on Extraordinary Items