PROBLEM 3. (30 points) Zoinks! Inc. was organized on January, 1, 2012. At the end of the first year of operations, December 31, 2012, the accountant prepared the trial balances shown below (amounts in thousands of dollars). Account Titles UNADJUSTED TRIAL ADJUSTMENTS BALANCE Debit Credit Debit Credit 40 17 2 ADJUSTED TRIAL BALANCE Debit Credit 40 17 1 2 46 46 11 6 6 27 Cash Accounts Receivable Prepaid Insurance Rent Receivable Property, Plant, and Equipment Accumulated Depreciation Other Assets Accounts Payable Wages Payable Income Taxes Payable Unearned Rent Revenue Note Payable (10% interest, dated 1/1/2012) Contributed Capital (1,000 shares) Retained Earnings Revenues (total) Expenses (total including interest) Income Tax Expense Totals 27 3 5 4 20 30 7 20 30 3 3 98 103 68 83 5 203 182 182 203 C. (8 points) Answer the following questions, based on the data for Zoinks! shown above: i. Assume that the insurance premium was paid on July 1, 2012, and relates to coverage starting on that date. Over what period of time did the coverage extend? ii. How would the account Unearned Rent Revenue be reported on the financial statements? shown on which of the 4 financial statements: account type: iii. What was the amount of earnings per share for 2012? 7 iv. What was the average issue price of the shares of stock