undefined

33 marks, 50 minutes A December 3t 2020 Gumble Corporation had the following balances. (a) Prepare a classified statement of financial position statement of income and statement of retained earnings - all in good form. (b) Prepare the closing journal Accounts Payable $25,300 Accounts Receivable $10,000 Accumulated depreciation equipment $8,400 Bank loan payable (5,000 to be paid with 1 $29,500 Common shares Depreciation expense Dividends declared Equipment Land income tax expense Interest expense Marketing expense Mortgage payable Prepaid expense - flight $35.950 $43,750 $8.400 $525 $82,000 $12,300 20% $1,750 56.125 $6.000 $1.500 521,000 $28.000 $14,350 $56,875 37,875 55,000 Retained earnings, Jan 1, 2020 Salaries expense Sales revenue Supplies Unearned revenue