Unadjusted Trial Balance August 31, 2022 Account Dr. Cr. Cash 50,000 Marketable Securities Allowance-Marketable Securities Accounts Resivable Allowance for Doubtful Accts. Merchandise Inventory Prepaid Rent 75,000 2,000 90,000 1,000 120,000 8,000 Land Equipment 50,000 80,000 Building Accum, Depr.-Equipment Accum. Depr.-Building Copyright 140,000 50,000 35,000 105,000 Accounts Payable 76,000 Bank Loan Payable 100,000 Common Stock, No Par Value 50,000 Retained Earnings 200,000 Dividends 5,000 Sales 2,000,000 Sales Returns and Allowances 20,000 Sales Discounts 30,000 Dividend Income 4,000 Cost of Goods Sold 1,200,000 Salaries Expense 200,000 Office Expense Advertising Expense Rent Expense Utilities Expense 100,000 79,000 112,000 42,000 Interest Expense Miscellaneous Expense Gain on Sale of Marketable Sec. 10,000 5,000 2,524,000 9,000 2,524,000 REQUIREMENT 1 Use the information below to prepade adjudung journal entries. Post these journal entries to the T-accounts attached and balance the accounts. AJEs are for the fiscal year ended 8/31/14 a A count of inventory indicated an ending balance of $118,000. h. Some August utility bills have not been received yet. Related expenses are estimated to be $1,500. Based on an analysis of the aged accopats receivable trial balance, estimated uncollectible aconteceivable are $8,000. d. $4,000 of prepaid rent expired. Accrued salaries were $4,000. Depreciation was calculated using the straight-line method and no estimated salvage values. The estimated service life for the machinery was eight years and twenty years for the building. (Assume that all these assets were acquired six years ago.) The copyright was originally acquired for $120,000 six years ago. Five years of amortization have been recorded. This is year sis h. The bank loan is for 5 years at 12% interest. Only interest payments have been made on the loan during the year. (Assume the loan was originated 2 years ago) i. Estimated income tax expense was $5,000 Marketable Securities camed dividends of $6,000 which will be paid in September. The aggregate value of these securities at year-end is $80,000. REQUIREMENT 2: Based on the T-account balances after posting the AJEA, prepare 1. Multiple-Step Income Statement 2. Statement of Retained Earning 3. Classified Balance Sheet