Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Tunstall, Incorporated Unadjusted Trial Balance At December 31 Debit Credit 46,400 12,000 480 680 16,700 7,700 10,660 2,340 Accounts payable Wages payable Income taxes payable Notes payable (3 years; 10% interest due each September 30) Common stock (5,700 shares outstanding) 13,000 1,916 Additional paid-in capital 17,244 Retained earnings 4,800 Service revenue 89,430 Wages expense 16,200 Remaining expenses (not detailed; excludes income tax) 33,310 Income tax expense Totals 136,430 136,430 Data not yet recorded at December 31 included: Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $200 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $680. c. Depreciation expense for the current year, $3,700. d. Wages earned by employees not yet paid on December 31, $590. e. Three months of interest expense (for the note payable borrowed on October 1 of the current year) was incurred in the current year. f. Income tax expense, $5,380. P4-7 Part 2 2-a. Prepare an income statement (with Operating Income and Other Items sections) that include the effects of the preceding six transactions. 2-b. Prepare a classified balance sheet that include the effects of the preceding five transactions. Completo this question by ontoring YOUR SRCWors in the tabs below. Required 2a Required 2b Prepare an income statement (with Operating Income and Other Items sections) that include the effects of the preceding six transactions. Note: Round "Earnings per share" to 2 decimal places. TUNSTALL, INCORPORATED Income Statement Other Items: Income before taxes 0 Required 2a Required 2b Prepare a classified balance sheet that include the effects of the preceding six transactions. Note: Amounts to be deducted should be indicated by a minus sign. TUNSTALL, INCORPORATED Current assets Balance Sheet Current liablities Total current assets $ 0 Total current liabilities $ 0 Total liabilities Stockholders' equity $ 0 Total stockholders' equity $ 0 Total assets $ 0 Total liabilities and stockholders' equity $ 0 Jameson Consultants, Incorporated, provides marketing research for clients in the retail industry. At the end of the current year, the company had the following unadjusted accounts with normal debit and credit balances: Depreciation expense Cash $10,100 163,500 Travel expense $28,190 Gain on sale of land 8,100 Salaries expense 1,820,000 Accounts payable 107,330 Accounts receivable 235,900 Additional paid-in capital 241,000 Income taxes payable 3,450 Utilities expense 31,530 Rent expense (on leased computers) Salaries payable 168,880 31,950 Investment income 12,900 Supplies 14,300 Common stock 3,790 Interest expense 19,300 Notes payable 181,000 Retained earnings ? Accumulated depreciation 22,300 Buildings and equipment 644,040 Supplies expense 25,250 Unearned consulting fees 38,800 Prepaid expenses 12,300 Land 76,800 Consulting fees revenue 2,669,200 Professional development expense 22,800 Investments 346,000 Required: Prepare an unadjusted trial balance for Jameson Consultants, Incorporated, at the end of the current year. JAMESON CONSULTANTS, INCORPORATED Unadjusted Trial Balance At the End of the Current Year Cash Accounts receivable Supplies Prepaid expenses Travel expense Accumulated depreciation Accounts payable Debit Credit