These items are taken from the financial statements of Mueller, Inc.

Prepaid insurance $ 2,400 Equipment 30,000 Salaries and wages expense 34,000 Utilities expense 2,100 Accumulated depreciation—equipment 7,600 Accounts payable 7,200 Cash 6,100 Accounts receivable 2,900 Salaries and wages payable 3,000 Common stock 6,000 Depreciation expense 4,300 Retained earnings (beginning) 14,000.

Dividends 2,600 Service revenue 51,000 Maintenance and repairs expense 2,600 Insurance expense 1,800 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2014.AppendixLO1