Chapter $4-$ Homework Assignment $($i$)$

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Part $2$ of $3$

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$\backslash$table$[[$eBook$],[$Print$],[$References$]]$

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$\backslash$table$[[$For the Current Year Ended December $31],[$Operating revenues,,$],[$Service revenue,$$,90,650],[?,,],[$Operating expenses,,$],[$Wages expense,,$16,860],[$Depreciation expense,,$4,000],[$Supplies expense,,$440],[$Insurance expense,,$660],[,,],[?,,],[?,,],[,,21,960],[?,,],[$Other Items:,,$],[$Interest expense,,$275],[?,,],[$Income before taxes,,$],[?,,],[+,,],[,,],[$Earnings per share,,$]]$ f$.$ Income tax expense, $$5,280.$

Part $2$ of $3$

$2-$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.

Complete this question by entering your answers in the tabs below.

Required $2$a

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. Chapter $4-$ Homework Assignment

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Part $2$ of $3$

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$\backslash$table$[[$eBook$],[$Print$],[$References$]]$

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$[$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 $31$:

$\backslash$table$[[\backslash$table$[[$Tunstall$,$ Incorporated$],[$Unadjusted Trial Balance$],[$At December $31]]],[,$Debit,Credit$],[$Cash$,46,600,],[$Accounts receivable,$11,100,],[$Supplies$,630,],[$Prepaid insurance,$660,],[$Service trucks,$17,400,],[$Accumulated depreciation,,$7,900],[$Other assets,$10,360,],[$Accounts payable,,$2,380],[$Wages payable,,$],[$Income taxes payable,,$],[\backslash$table$[[$Notes payable $(3$ years; $10\%$ interest due each September$],[30)]],,11,000],[$Common stock $(5,400$ shares outstanding$),,1,996],[$Additional paid$-$in capital,,$17,964],[$Retained earnings,,$4,400],[$Service revenue,,$90,650],[$Wages expense,$16,200,],[\backslash$table$[[$Remaining expenses $($not detailed; excludes income tax$)],[[$ncome tax expense$]],33,340,],[$Totals$,136,290,136,290]]$

Data not yet recorded at December $31$ included: