FULL SCREEN PRINTER VERSION 4 BACK N Exercise 4-6 Sheridan Company, a ski tuning and repair shop, opened on November 1, 2016. The company carefully kept track of all its cash receip and cash payments. The following information is available at the end of the ski season, April 30, 2017. Issuance of common shares Payment to purchase repair shop equipment Payments to landlord Newspaper advertising payment Utility bill payments Part-time helper's wage payments Income tax payment Cash receipts from ski and snowboard repair services Subtotals Cash balance Totals Cash Cash Receipts Payments $18,100 $9,480 1,260 315 975 2,600 11,100 31,600 49,700 25,730 23,970 $49,700 $49,700 The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The amount of the payments to the landlord shown above includes a one-time security deposit of $180. The part-time helper is owed $510 at April 30, 2017, for unpaid wages. At April 30, 2017, customers owe Sheridan Company $530 for services they have received but have not yet paid for Prepare an accrual-basis income statement for the 6 months ended April 30, 2017. SHERIDAN COMPANY Income Statement $ De Prepare the April 30, 2017, classified balance sheet. (List Current Assets in order of liquidity.) SHERIDAN OMPANY Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work