Please help me with the Income Statement and Balance Sheet! I have the unadjusted Trial balance posted for reference as well. Thanks. 
Great Adventures Problem AP6-1 (GL) (The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from Kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $580 each. Jul. 17 Purchased 62 watches for $9,300 ($150 per watch) on account. Jul. 31 Sold 48 watches for $27,840 cash. Aug. 12 Purchased 48 watches for $7,680 ($160 per watch) cash. Aug. 22 Sold 38 watches for $22,040 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $13, 224 for watches sold on account on August 22. Oct. 27 Purchased 100 watches for $17,000 ($170 per watch) cash. Nov. 20 Sold 98 watches for $56,840 cash. Dec. 4 Purchased 108 watches for $19,440 ($180 per watch) on account. Dec. 8 Sold 48 watches for $27,840 on account. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab, assuming Suzie uses FIFO to account for inventory. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record adjusting entries on December 31, 2022, in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of December 31, 2022, in the 'Trial Balance' tab. 4. Prepare a multiple-step income statement for the period ended December 31, 2022, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2022, in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab. General General Requirement Trabance Laumai Income Lador Balance Sheet Statement Notice the dropdown below that gives the options to select the unadjusted, adjusted er post closing trial balance. The option you choose will be the values used to populate the income statement and balance sheets Unadjusted GREAT ADVENTURES, INC Trial Balance December 1, 2022 ACCOUNTIL Debt Credit 18 Cash 990814 Account Allowance for Unced counts 2100 15,480 40,000 2000 Bund Depreciation Accounts Payable 23.00 Base 60 Bicone TP 14 DOO 000 Common Stock 21.40 wine Earnings M450 Service 2600 1 SD Chicouts 300 Bere ever 140 cost of Goods Sold 37.940 on Experie 18.000 Hsuppl 900 salwiss Eaper 25,000 2,800 Expanse 2.2001 Best Expense 2.800 14.99 ensure Tata 15 113,0805 3451 DRO Carter Resultat Canard huma Carrara Ledger Trial Dulano ba Bulan Sheet Star , Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet balation will appear for much account, based on your selection Unadjusted GREAT ADVENTURES, INC Income Statement For the Period Ended December 31, 2022 Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Sulawe Unadjusted - 13450 o a Assals 37.00 5 96.620 C 23,040 Nei Sas Costal Goods Gres Profit Operating Depreciation Experte Book Exports Expert Band Dubit per Cument Awas Inventory Accounts Receivable Cash 14,900 59,00 9 21.000 2.000 0 0 - GREAT ADVENTURES, INC Balance Sheet December 31, 2022 Labuities Current La PS 15.40 Accounts Payable 64,656 Interest Payable 100,014 Income Tax Payable D D Total Current 0 183.950 Total Labs Stockholders' Equity 49,000 Common Stock 12. oon Retained Earrings 0 D Total Stockholders' Equity $ 203,00 Total Liabilities and Stockholders' Equity 38,890 39,890 To Operang Esperas Operating near Losa 22,70 3.560 Total Current Assets Long term Assets Equipment Fun Accumulwed Deprecation 21,7401 31,3701 0 103. 1101 142,000 a - 520 ol Inte Belor con Total Assets S >
