Assets Liabilities+ Stockholders' Equity Cash A/R + Supp. + Equip.Accounts Payable + Common Stock + Retained Earnings Revenues- Expenses - Dividends (1)$18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 $9,900 Serv. Rev (5)-2,500 (6)-1,300 -790 410 (9)-4,000 -2,500 -$1,300 Div -$790 Rent Exp -410 -4,000 Sal. Exp Util. Exp (10) 220 -220 Prepare an income statement for August. SHERIDAN COMPANY Income Statement For the Month Ended August 31, 2017 Revenues Service Revenue 9900 Expenses 790 Rent Expense Salaries and Wages Expense Utilities Expense 4000 4000 220 Total Expenses 5010 4890 Net Income / (Loss) SHERIDAN COMPANY Retained Earnings Statement For the Month Ended August 31, 2017 Retained Earnings, August 1 AddNet Income / (Loss) 4890 4890 Less Dividends 1300 3590 Retained Earnings, August 31 Prepare a classified balance sheet at August 31, 2017. (List current assets in order of liquidity.) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity