1. Shown below are the account balances for Barnie Corp. for their year-end December 31, 2022:

Cash $ 10,475

Accounts receivable 16,640

Inventory 98,220

Building 188,600

Accumulated amortizationbuilding 72,600

Accounts payable 9,400

Income taxes payable 5,450

Common shares 154,525

Retained earnings, beginning 40,720

Dividends declared 7,500

Sales revenue 265,000

Cost of goods sold 143,600

Salaries and wages expense 56,900

Amortization expense 12,850

Utilities expense 3,300

Supplies expense 1,970

Income taxes expense 7,640

Required: prepare the:

i) the income statement,

ii) the statement of retained earnings, and

iii) the classified balance sheet for Barnie Corporation.