INCOME STATEMENT AND BALANCE SHEET Ross Airport Auto Service provides parking and minor repair service at the local airport while customers are away on business or pleasure trips. The following account balances (except for retained earnings) are available for Ross Airport Auto Service at December 31, 2009.

Accounts payable $ 16,700 Accounts receivable 39,200 Accumulated depreciation, equipment 38,800 Cash 6,700 Common stock (20,000 shares) 100,000 Depreciation expense, equipment 14,300 Dividends 6,300 Equipment 269,500 Income tax expense 2,700 Income tax payable 1,100 Interest expense 18,300 Interest payable 1,800 Interest revenue, long-term investments 4,100 Inventory, repair parts 4,900 Long-term investments in debt securities 35,000 Notes payable (due May 2, 2016) 160,000 Prepaid rent (3 months) 27,300 Rent expense 103,500 Retained earnings, 12/31/2009 51,700 Service revenue, parking 224,600 Service revenue, repair 208,100 Supplies expense, repair parts 36,900 Wages expense 246,100 Wages payable 12,500 Required:

Prepare a single-step income statement and a classified balance sheet for Ross Airport Auto Service for the year ended December 31, 2009.