! Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Balance Sheet, Recording Closing Entries [LO 4-2, LO 4-3, LO 4-4, LO 4-5] [The following information applies to the questions displayed below.] Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) Account Titles Debit Credit Cash $ 44 Accounts Receivable 15 Prepaid Insurance 7 Equipment 92 Accumulated Depreciation $ 0 Accounts Payable 15 Salaries and Wages 0 Payable Income Tax Payable Common Stock 0 91 Retained Earnings 7 Sales Revenue 93 Insurance Expense 0 Salaries and Wages 16 Expense Supplies Expense 32 Income Tax Expense 0 $ Totals 206 206 Other data not yet recorded at December 31: a. Insurance expired during the year, $5. b. Depreciation expense for the year, $4. c. Salaries and wages payable, $7. d. Income tax expense, $9. E4-17 (Algo) Part 3 Required: Using the adjusted balances, prepare a classified balance sheet for the year ended December 31. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.) MINT CLEANING INCORPORATED Balance Sheet (in thousands of dollars) $ 0 $ 0 0 $ 0 $ 0