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Required information [The following information applies to the questions displayed below.) Tunstall, Inc., a small service company, keeps its records without the help of an

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Required information [The following information applies to the questions displayed below.) Tunstall, Inc., a small 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: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,600 11,700 520 700 16,600 8,100 9.460 2,330 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (5,100 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 14,000 2,016 18,144 4,800 85,720 16,200 33,330 135, 110 135, 110 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $160 in remaining supplies on hand to be used in the next year, b. Insurance expired during the current year, $700. c. Depreciation expense for the current year, $3,300. d. Wages earned by employees not yet paid on December 31, $540. e. Income tax expense, $5.480. 2-a. Prepare an income statement that include the effects of the preceding fiv decimal places.) TUNSTALL, INC. Income Statement For the Current Year Ended December 31 Operating revenues Service revenue $ 85,720 360 Operating revenues Supplies expense Insurance expense Depreciation expense Wages expense Remaining expenses (not detailed) 700 3,300 540 33,330 38,230 Total expenses Operating income Income tax expense 5,480 Net income Earnings per share 2-b. Prepare a classified balance sheet that include the effects of the preceding five indicated by a minus sign.) Required information 2-b. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts to be deducted should be ndicated by a minus sign.) TUNSTALL, INC Balance Sheet At December 31 of the Current Year O 0 0

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