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[The following information applies to the questions displayed below.] The following trial balance...

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Accounting

[The following information applies to the questions displayed below.]

The following trial balance was drawn from the records of Havel Company as of October 1, year 2.

Cash $ 16,000
Accounts receivable 60,000
Inventory 40,000
Store equipment 200,000
Accumulated depreciation $ 76,800
Accounts payable 72,000
Line of credit loan 100,000
Common stock 50,000
Retained earnings 17,200
Totals $ 316,000 $ 316,000

b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of year 2. The statements are prepared as of December 31, year 2.

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