1. The following are the account balances for Ariel's Treasures Limited for the year ended April 30, 2020: Sales Cash Accounts payable Income taxes payable Cost of goods sold Accumulated depreciation - building Supplies Advertising expense Common shares Income tax expense Inventory Salary expense Retained earnings, beginning Supplies expense Accounts receivable Building Note payable, long term Rent expense Dividends Depreciation expense $610,000 22.000 76,000 12.000 275.000 12.500 1.800 15.000 5,000 12,000 98,000 198,000 53.800 22.000 54,000 118.000 86,000 12.000 25,000 2.500 Required: Prepare the income statement and statement of retained earnings for the year ending April 30, 2020 and classified balance sheet on that date for Ariel's Treasures Limited te