The Unadjusted Trial Balance for Dumbledore Communications Inc at December 31 2011, is as follows DUMBLEDORE COMMUNICATIONS INC Unadjusted Trial Balance For the Year Ended December 31, 2011 Credit Debit 30,400 20,000 2,000 500 12,000 10,000 410,000 Accounts Cash Accounts Receivable Notes Receivable (due March 31, 2012) Supplies Prepaid Insurance Land Audio Equipment Accumulated Depreciation Audio Equipment Allowance for Doubtful Accounts Accounts Payable Note Payable Salaries Payable Common Stock Retained Earnings Dividends Audio. Rental Revenue Advertising Expense Gain on disposal of vehicle Insurance Expense Rent Expense Salaries Expense 28,000 400 38,500 140.000 6.000 180.000 44,000 30.000 246,000 36.000 2.000 18,000 34.000 80 000 Totals $882.900 $662,600 TURN OVER Page 2 QUESTION 1 (continued) Other information available at the end of December is as follows 1. Depreciation for December on Audio Equipment is $24,000. 2. Utilities used in December but not paid for total $5,000 3. Prepaid Insurance of $6,000 expired during the year 4.5% of the Accounts Receivable balance is estimated to be uncollectible 5. Interest in the amount of $700 on the note payable has not yet been accrued Required: a, Journalize the adjusting entries (8 marks) b. Prepare an Income Statement (9 marks) c. Prepare a Retained Earnings Statement (3 marks) d. Prepare a classified Balance Sheet (10 marks) e. Identify and briefly explain the three sections found in a cash flow statement