1. Prepare an income statement for Kingbird, Inc. for the year ended April 30, 2017.

2. Prepare a retained earnings statement for Kingbird, Inc. for the year ended April 30, 2017. (List items that increase retained earnings first.)

3. Prepare a classified balance sheet for Kingbird, Inc. as of April 30, 2017. (List current assets in order of liquidity.)

You are provided with the following information for Kingbird, Inc., effective as of its April 30, 2017, year-end. $ 854 1,005 670 1,465 1,485 1,080 315 345 2,615 185 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) 155 230 420 1,162 3,295 3,695 256 80 1,600 680 242 5,295 1,375