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Jordan Sales Company (organized as a corporation on April 1, 2017) has completed the accounting cycle for the second year, ended March 31, 2019. Jordan also has completed a correct trial balance as follows: JORDAN SALES COMPANY Trial Balance At March 31, 2019 Credit Account Titles Debit $ 58,500 Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment 49,100 1,500 34,500 $ 13,100 3,200 Accumulated depreciation, office equipment Accounts payable Income taxes payable 1,400 21,400 Salaries and cormissions payable Note payable, long-term Capital stock (par $1; 32,300 shares) Paid-in capital Retained earnings (on April 1, 2018) Dividends declared and paid during the current year Sales revenue 1,100 32,600 32,300 4,700 6,700 10,600 104,200 Cost of goods sold Operating expenses (detail omitted to conserve time) Depreciation expense (on autos and including $30e on office equipment) Interest expense Income tax expense (not yet computed) 32,400 18,500 7,800 1,400 $ 217,500 $217,500 Totals b. Classi fied balance sheet at the end of the reporting year, March 31, 2019. Include (1) income taxes for the current year in Income Taxes payable and (2) dividends in Retained earnings. (Amounts to be deducted should be indicated by a minus sign.) JORDAN SALES COMPANY Balance Sheet Assets Current Assets Total curent assets Total assets Liabilities Curent Liabilities Total current liabilities Total liabilities Stockholders' Equity Contributed capital Total contributed capital Total stookholders' equity Total liabilities and stockholders' equity

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