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Question 14 Take me to the text Not checked Marked out of 60.00 Gecko Company prepared the following adjusted trial balance at its year-end of April 30, 2019. The company is owned by Wayne Gecko. P Flag question Gecko Company Trial Balance April 30, 2019 Account Titles DR CR Cash $14,300 Accounts Receivable $6,100 $6,800 $1,600 ITI Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation Equipment Accounts Payable $39,700 $2,900 $6,700 $5,700 Unearned Revenue Bank Loan $18,000 $32,320 Gecko, Capital Gecko, Withdrawals $1,600 Sales Revenue $58,280 Gain on Sale of Equipment $4,100 Account Titles DR CR Cash $14,300 Accounts Receivable $6,100 Merchandise Inventory $6,800 $1,600 $39,700 Prepaid Expenses Store Equipment Accumulated Depreciation-Equipment Accounts Payable $2,900 $6,700 Unearned Revenue $5,700 Bank Loan $18,000 Gecko, Capital $32,320 Gecko, Withdrawals $1,600 Sales Revenue $53,280 Gain on Sale of Equipment $4,100 Cost of Goods Sold $18,800 $1,500 $2,900 $600 $4,400 Advertising Expense Depreciation Expense-Equipment Interest Expense Office Salaries Expense Rent Expense-Retail Space Rent Expense-Office Space Sales Salaries Expense Total $10,800 $5,800 $ $8.600 $123,000 $123,000 Notes: Assume the balance of owner's equity is the opening balance. The bank loan is payable over 10 years in equal annual installments. Required a) Prepare a multi-step income statement Do not enter dollar signs or commas in the input boxes. Enter the accounts into the appropriate statements in the order they are presented on the trial balance. Do not use negative signs. Gecko Company Income Statement For the Year Ended April 30, 2019 Sales Revenue A Cost of Goods Sold $ Gross Profit Operating Expenses Selling Expenses . Total Selling Expenses Administrative Expenses $ Total Administrative Expenses Total Operating Expenses $ Income from Operations $ Other Income and Expenses $ $ IS Net Income b) Prepare a statement of owner's equity. Gecko Company Statement of Owner's Equity For the Year Ended April 30, 2019 Gecko, Capital (Beginning) $ Add: Net Income $ Less: Gecko Withdrawals Subtotal $ $ $ Gecko, Capital, April 30, 2019 c) Prepare a classified balance sheet. Gecko Company Balance Sheet As at April 30, 2019 Assets Current Assets $ $ $ $ S Total Current Assets Pro Plant, and Equipment Total Current Assets Property, Plant, and Equipment $ Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities $ Total Current Liabilities Long-Term Liabilities $ Total Long-Term Liabilities $ TA Total Liabilities Owner's Equity DA $ Total Owner's Equity $ Total Liabilities and Owner's Equity