Problem 6-5 Prepare worksheet, classified income statement, statement of retained earnings classified balance sheet and dosing entries (based on Appendo) (LO. 5-8) 103 108 The following data are for Leone Lumber Company LEONE LUMBER COMPANY Trial Balance December 31, 2018 Acct. No Account Title Dobits Credits 100 Cash $ 90,640 Accounts Receivable 159,520 105 Merchandise Inventory, January 1, 2018 285.200 107 Supplies on Hand 5,380 Prepaid Insurance 4.800 112 Prepaid Rent 57,600 Equipment 88,000 171 Accumulated Depreciation Equipment $ 17,600 200 Accounts Payable 102,800 300 Capital Stock 220,000 310 Retnined Earnings. 1/1/18 219 640 410 Sales 1.122.360 412 Sales Retums and Allowances 5,160 418 Interest Revenue 1.000 Purchases 500,840 502 Purchases Returns and Allowances 4,040 503 Transportation in 7,840 Advertising Expense 78,000 508 Salos Salaries Expense 138,400 509 Office Salaries Expense 80,800 Officers' Salaries Expense 160,000 511 Utilities Expense 4.800 536 Legal and Accounting Expense 10.000 540 Interest Expense 600 567 Miscellaneous Administrative Expense 9.880 31.687440 $1.687.4.0 500 505 510 Il Requir Additional data 1. A total of $3,400 of the prepaid insurance has expired. 2. An inventory of supplies showed that $1,700 or inventory is still on hand. 3. Prepaid rent expired during the year is $50,600. 4. Depreciation expense on store equipment is $8.800. 5. Accrued sales salaries are $4,000. 6. Accrued office salaries are 53.000 7. Merchandise inventory on hand is $350,000 Prepare the following: a. A work sheet for the year ended December 31, 2018. Refer to the chart of accounts shown in a separate file at the end of the text for any other account numbers you need. b. A classified income statement. The only selling expenses are sales salaries, advertising, supplies, and depreciation expense equipment. c. A statement of retained earnings. d. A classified balance sheet. e. Required closing entries