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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 46,300 12.300 580 6:40 16,400 9,400 10,660 2,320 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 (4,200 shares outstanding) Additional paid in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed excludes income tax) Income tax expense Totals 12.000 1,876 16.884 5,200 89,130 16,200 33,230 136,810 136,510 Data not yet recorded at December 31 included a. The supplies count on December 31 reflected $240 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $640 c. Depreciation expense for the current year, $3,200 d Wages eamed by employees not yet paid on December 31, $640. e Income tax expense, 55 480. 2-o. Prepare an income statement that include the effects of the preceding five transactions (Round "Earnings per shore" to 2 decimal places.) TUNSTALL, INC Income Statement Earnings per share 2-b. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.) TUNSTALL, INC. Balance Sheet $ 0 $ 5 0 0 $ $ 0 $ 0

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