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1. Using the following information, prepare the income statement, the statement of stockholders' equity and a classified balance sheet in good form for Pasadena Pet
1. Using the following information, prepare the income statement, the statement of stockholders' equity and a classified balance sheet in good form for Pasadena Pet Center. These financials are for the month ending May 31, 2023. 2. Using the classified balance sheet for Pasadena Garden Center, please calculate: A. Current ratio B. Working Capital 3. Using the Accounting Equation, solve the following problems: Assets are $85,000 and liabilities are $20,000. Assets increased $50,000 and liabilities increased by $25,000. How much is Stockholders' Equity? Liabilities are $225,000 and Stockholders' Equity is $120,000. Assets decreased $20,000 anc stockholders' equity decreased $32,000. How much are Liabilities? 4. Classify the following accounts as Assets (A), Liabilities (L), Stockholders' Equity (SE), Revenue (R Or Expense (E). Supplies expense Prepaid insurance Income Taxes Payable Inventory Service Revenue Retained Earnings Advertising Expense Building Common Stock Cost of Goods Sold
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