Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ 2. Journalize the entries that were required to close the accounts at October 31 . If an amount box does not require an entry, leave it blank. numbers. $ Total expenses negative number using a minus sign. The Gorman Group Statement of Stockholders' Equity For the Year Ended October 31, 20 Y9 Prepare a balance sheet. The Gorman Group Balance Sheet October 31, 20 Y9 Assets Current assets: Total current assets Property, plant, and equipment: Check My Work Previous follows: \begin{tabular}{lr} Rent Expense & 15,000 \\ Supplies Expense & 10,610 \\ Utilities Expense & 9,590 \\ Depreciation Expense-Buildings & 6,390 \\ Repairs Expense & 5,280 \\ Insurance Expense & 2,900 \\ Miscellaneous Expense & 4,940 \\ & 1,177,730 \\ \cline { 2 - 3 } \end{tabular} Required: 1. Prepare an income statement. The Gorman Group Income Statement For the Year Ended October 31, 20 Y9 Revenues: Total revenues Expenses