Camilia Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on July 31, 2018: EEB (Click the icon to view the accounts and balances.) (Click the icon to view the multi-step income statement.) Read the requirements. Data Table 5,735 Retained Earnings, July 31, 2018 Requirement 2. Prepare Camilia Communications's classified balance sheet at July 31, 2018. Use the report format Begin by completing the assets section, then complete the liabil ities and stockholders' equity sections. (If a box is not used in th Cash $ 2,900 Cost of Goods Sold $18,700 Selling Expenses 1,400 Equipment, net 9,500 Camilia Communications Accounts Payable 4,300 Accrued Liabilities 1,800 Balance Sheet Common Stock 4,365 Net Sales Revenue 29,200 July 31, 2018 Notes Payable, long-term 500 Accounts Receivable 3,200 Assets Merchandise Inventory 1,100 Interest Expense 65 Administrative Expenses 3,300 Requirements 1. Prepare Camilia Communications's statement of retained earnings for the year ended July 31, 2018. Assume that there were no dividends declared the year and that the business began on August 1, 2017. 2. Prepare Camilia Communications's classified balance sheet at July 31, 2018. Use the report format Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? Begin by completing the assets section, then complete the liabilities and stockholders' equity sections. (If a box is not used in th Cash $ 2,900 Cost of Goods Sold Camilia Communications Selling Expenses 1,400 Equipment, net Balance Sheet Accounts Payable 4,300 Accrued Liabilities July 31, 2018 Common Stock 4,365 Net Sales Revenue Assets Notes Payable, long-term 500 Accounts Receivable Merchandise Inventory 1,100 Interest Expense Administrative Expenses 3,300 Current Assets: Current Liabilities: Requirements Expenses: Long-term Liabilities: Plant Assets: 1. Prepare Camilia Communications's statement of retained earnings for the year ended July 31, 2018. Assume that there were no dividends declared during the year and that the business began on August 1, 2017. Revenues: Total Assets Total Current Assets 2. Prepare Camilia Communications's classified balance sheet at July 31, 2018. Use the report format Total Expenses Total Liabilities Total Liabilities and Stockholders' Equity Print Done Total Plant Assets d then click Check Answer. Total Stockholders' Equity Retained Farninns uly 31 2018 Rec sheet at July 31, 2018. Use the Current Assets: Beg Current Liabilities: d stockholders' equity sections. Expenses: Long-term Liabilities: Plant Assets: Revenues: Total Assets Total Current Assets Total Expenses Total Liabilities Total Liabilities and Stockholders' Equity Total Plant Assets Total Stockholders' Equity I Reference Camilia Communications Income Statement Year Ended July 31, 2018 29,200 Net Sales Revenue 18,700 Cost of Goods Sold Gross Profit 10,500 Operating Expenses: Selling Expenses 1,400 3,300 Administrative Expenses 4,700 Total Operating Expenses Operating Income 5,800 Other Income and (Expenses) (65) Interest Expense (65) Total Other Income and (Expenses) 5,735 Net Income (Loss) Print Done