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See the trial balance below to answer the following questions. All balances are normal. James Associates has 100 shares of outstanding stock. The Adjusted Trial

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See the trial balance below to answer the following questions. All balances are normal. James Associates has 100 shares of outstanding stock. The Adjusted Trial Balance amounts (accounts are in random order) for James Associates for the year ended 12/31/19 are as follows: Balance 100 40 550 100 Account Rent Expense Interest Income Accounts Receivable Unearned Revenue Cash Inventory Sales Allowance for Doubtful Accts Notes Payable Cost of Goods Sold | Accounts Payable Retained earnings (pre-closing) Bad Debt expense 110 450 | 130 150 150 140 370 50 1. Prepare a multi-step income statement including EPS (15 points) 2. What is the balance in cash? Hint: DR = CR. (5 points)

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