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1 adjustments. 2 adjusted trial balance. 3 income statement. 4 balance sheet.

The unadjusted trial balance of Splish Brothers Inc., a private company following ASPE, contained the following accounts at November 30, the company's fiscal year end: Splish Brothers Inc. Trial Balance November 30, 2020 Debit Credit Cash $25.700 Accounts receivable 72.160 Inventory 92,400 Supplies 7.570 Equipment 198.000 Accumulated depreciation-equipment $ 75,680 Vehicles 112,640 Accumulated depreciation-vehicles 34.320 Notes payable 74.800 Accounts payable 69,080 Common shares 264.000 Retained earnings 33.450 Sales revenue 836,180 Sales returns and allowances 21,300 Cost of goods sold 538,120 Salaries and wages expense 132,000 Accounts receivable 72,160 Inventory 92,400 Supplies 7,570 Equipment 198.000 Accumulated depreciation-equipment $75,680 Vehicles 112,640 Accumulated depreciation-vehicles 34.320 Notes payable 74.800 Accounts payable 69,080 Common shares 264,000 Retained earnings 33,450 Sales revenue 836,180 Sales returns and allowances 21,300 Cost of goods sold 538,120 Salaries and wages expense 132.000 Advertising expense 40,830 Utilities expense 21,120 Repairs and maintenance expense 28.250 Travel expense 41.100 Rent expense 56,320 $ 1,387,510 $ 1,387.510 Adjustment data: 1. Supplies on hand totalled $ 2.730. 2. Depreciation is $ 35,200 on the store equipment and $26.400 on the delivery trucks. 3. Interest of $7,920 is accrued on notes payable at November 30. Additional information: 1. Salaries and wages expense is 80% selling and 20% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. Of the notes payable, $ 30,800 is due for payment next year. 4. Repairs and maintenance expense is 100% administrative. 5. Expenses pertaining to travel, advertising and supplies are 100% selling. 6. The income tax rate for the company is 20%. No taxes have been accrued or paid during the year. Enter the trial balance on a work sheet and complete the work sheet. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $ 25,700 5 25700 $ Accounts Receivable 72,160 72160 Inventory 92.400 92400 Supplies 7,570 2730 Equipment 198,000 198000 Accumulated Depreciation-Equipment $ 75,680 11088 Vehicles 112,640 112640 Accumulated Depreciation-Vehicles 34 320 6072 Notes Payable 74.800 7450 Accounts Payable 69,080 6908 Common Shares 264,000 26400 Retained Earnings 33,450 3345 Sales Revenue 836,180 83618 Sales Returns and Allowances 21,300 21300 Cost of Goods Sold 538,120 53a520 Salaries and Wages Expense 132,000 132000 Advertising Expense 40,830 40830 Utilities Expense 21,120 211.20 Repairs and Maintenance Expense 28,250 28250 Travel Expense 41.100 41100 Rent Expense 56,320 56320 Totals $ 1.387.510 S 1,387,510 Supplies Expense 35200 Depreciation Expense 26000 195,000 198000 Equipment Accumulated Depreciation-Equipment $ 75,680 11088 Vehicles 112,640 112640 Accumulated Depreciation-Vehicles 34.320 6072 Notes Payable 74,800 7480 Accounts Payable 69.080 5908 Common Shares 264.000 26400 Retained Earnings 33.450 3345 Sales Revenue 836,180 83618 Sales Returns and Allowances 21,300 21300 Cost of Goods Sold 538,120 538 120 Salaries and Wages Expense 132,000 132000 Advertising Expense 40,830 40830 Utilities Expense 21.120 21120 Repairs and Maintenance Expense 28,250 28250 Travel Expense 41,100 41100 Rent Expense 56,320 56320 Totals $ 1,387,510 s 1,387,510 Supplies Expense 35200 Depreciation Expense 26400 Interest Expense 7920 Interest Payable 792 Totals 5 1457030 145703 Net Loss Totals Work Sheet November 30, 2020 Adjusted Trial Balance Income Statement Dr. Cr. Dr. Cr. 5 $ S $ $ $ Income Statement Balance Sheet Dr Cr. Dr. $ $ $ $ A re a classified statement of financial position as at November 30, 2020. (List Current Assets in order of liquidity. List Property and Equipment in order of Equipment and Vehicles.) SPLISH BROTHERS INC Statement of Financial Position Assets S