Shamrock, Inc. a private company following ASPE is located near a shopping mall. At the end of the company's fiscal year on December 31, 2020, the following accounts appeared in two of its trial balances Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Buildings Cash Common shares Cost of goods sold Depreciation expense Dividends Equipment Insurance expense Interest expense Interest income Interest payable Inventory Mortgage payable Prepaid insurance Property tax expense Property tax payable Retained earning Salaries and wages expense Sales commission expense Sales commission payable Sales returns and allowances Sales revenue Utilities expense Unadjusted $80 300 91 800 42.800 29.400 190.000 69.900 165.500 408,500 0 27,000 106.200 0 2,050 4,650 0 76.600 80.600 9.500 0 Adjusted $80,300 91,800 52.700 41.900 190.000 69.900 185.500 40.500 22.400 27,000 106,200 7,125 11.450 4,650 8,400 76,600 80.800 2.375 4.550 4550 17.000 107.300 15.850 5.100 8.100 699.750 11 300 0 17.000 107 300 10.750 O 8.100 699.750 11,300 Analysis reveals the following additional information 1 2. 3 Insurance expense and utilities expense are 55% selling and 45% administrative In the next year. $20.150 of the mortgage payable will be due for payment Property tax expense and depreciation on the building are administrative expenses depreciation on the equipment is a selling expense; and $31.500 of the salaries and wages expense related to office salaries and the remainder related to sales salaries. Depreciation expense includes $9.900 relating to the building and $12.500 relating to equipment SHAMROCK, INC. Statement of Retained Earnings e Textbook and Media List of Accounts Question Part Score Prepare a classified statement of financial position. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Buildings and Equipment.) SHAMROCK, INC Statement of Financial Position Assets Liabilities and Shareholders' Equity >