INCOME STATEMENT AND BALANCE SHEET The following information for Rogers Enterprises is available at December 31, 2009, and includes all of Rogers’ financial statement amounts except retained earnings:

Accounts receivable $ 72,000 Cash 15,000 Common stock (10,000 shares) 70,000 Income tax expense 6,000 Income tax payable 4,000 Interest expense 16,000 Notes payable (due in 10 years) 25,000 Prepaid rent, building 30,000 Property, plant, and equipment 90,000 Rent expense 135,000 Retained earnings ?

Salaries expense 235,000 Salaries payable 15,000 Service revenue $460,000 Supplies 42,000 Supplies expense 36,000 Required:
Prepare a single-step income statement and a classified balance sheet for the year ending December 31, 2009, for Rogers Enterprises.