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Step 1: Given the account listing below: Dunne Company Account listing As of December 31, 201X Accounts payable Accounts receivable Accumlated depreciation Buildings Cash Cost

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Step 1: Given the account listing below: Dunne Company Account listing As of December 31, 201X Accounts payable Accounts receivable Accumlated depreciation Buildings Cash Cost of goods sold Drawing Equipment Insurance expense Interest expense Inventory Land Notes payable (5 year note) Owner's equity Prepaid insurance Sales discounts Sales returns and allowances Sales Revenue Tax expense Unearned revenue Wages expense 54,000 90,000 30,000 90,000 58,000 250,000 22,000 10,000 4,000 8,000 80,000 30,000 200,000 61,000 5,000 5,000 20,000 525,000 5,000 200,000 Prepare the following on paper or on your computer: 1. A trial balance 2. A multi-step income statement 3. A statement of retained earnings 4. A classified balance sheet Step 2: Answer the following questions about your results, simply inputting numbers from your work. Amounts can be inputted in any configuration (dollar signs or none, commas or none, etc). If the amount has cents, you must express that in two decimals (for example $13.50 cannot be $13.5) On the income statement for Dunne Company, what is the amount of operating expenses? On the balance sheet for Dunne Company, what is the total amount of Plant Assets (Long Term Assets)? On the income statement for Dunne Company, what is the net income? On the balance sheet for Dunne Company, what is the amount of current liabilities? On the trial balance for Dunne Company, what is the total amount of credits? On the balance sheet for Dunne Company, what is the amount of long-term liabilities? On the income statement for Dunne Company, what is the amount of gross profit? On the balance sheet for Dunne Company, what is the amount of current assets? On the balance sheet for Dunne Company, what is the amount of owners' equity? On the statement of owners' equity for Dunne Company, what is the final number

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