The Adjusted Trial Balance for Kelly Green Jelly Beans is presented below: Kelly Green Jelly Beans Adjusted Trial Balance June 30, 2016 28, 200 92,006 112,400 840 1,220 33,400 9,600 12,400 3,800 39,870 1,240 28,695 167,820 28,000 109,200 Account Title DR Cash Accounts Receiveable Merchandise Inventory Store Supplies Prepaid Insurance Factory Equipment Accumulated Depreciation - Factory Equipment Store Equipment Accumulated Depreciation - Store Equipment Accounts Payable Wages Payable Mortgage Payable K. Bean, Capital K. Bean, Drawing Income Summary Sales Sales Returns & Allowances Sales Discounts Purchases Purchase Returns and Allowances Purchase Discounts Freight In Wages Expense Advertising Expense Depreciation Expense - Factory Equip Depreciation Expense - Store Equip Store Supplies Expense Delivery Expense Insurance Expense Interest Expense Interest Income 112,400 522,580 2,640 1,900 380,000 7,600 4,800 24,000 47,500 10,600 4,800 3,800 3,200 1,959 1,840 500 2,000 900,405 900,405 Instructions: Compute the amounts as indicated on the following pages for the Balance Sheet and Income Statement of Kelly Green Jelly Beans. Income Statement Calculations: 1. Net Sales 2. Cost of Goods Sold 3. Gross Profit 4. Total Operating Expenses a. Selling Expenses b. General Expenses 5. Income (or Loss) from Operations 6. Other Income 7. Other Expense 8. Net Income Balance Sheet Calculations: 1. Current Assets 2. Property, Plant & Equipment 3. Current Liabilities 4. Long-Term Liabilities 5. Owner's Equity