Required Information P4-7 (Algo) Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share LO4-1, 4-2, 4-4 [The following information applies to the questions displayed below.] 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 Accounts payable Wages payable Income taxes payable Notes payable (3 years; 10% interest due each September 30) Common stock (5,300 shares outstanding) Additional paid-in capital Retained earnings Service revenue. Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals Tunstall, Incorporated Unadjusted Trial Balance At December 31 P4-7 Part 2 Debit 47,900 11,400 Complete this question by entering your answers in the tabs below. Required 2a 580 750 16,300 Required 2b 9,360 16, 200 33,290 135,780 Credit 8,100 Data not yet recorded at December 31 Included: a. The supplies count on December 31 reflected $220 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $750. c. Depreciation expense for the current year, $3,400. 2,360 d. Wages earned by employees not yet paid on December 31, $570. 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. 11,000 1,926 17,334 5,400 89,660 135,780 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. 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.