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(Click the icon to view the data) Use these data to prepare Vulture Sporting Goods Company's single-step income statement for the year ended July
(Click the icon to view the data) Use these data to prepare Vulture Sporting Goods Company's single-step income statement for the year ended July 31, 2021, statement of retained earnings for the year ended July 31, 2021, and classified balance sheet at July 31, 2021. Use the report format for the balance sheet. Retained earnings, July 31, 2020 31,600 Cost of goods sold $ 136,200 Accounts receivable Net revenues 28,000 Cash 26,100 183,000 Property and equipment, net 19,500 Total current liabilities 52,600 Common stock 27,000 All other expenses 26,000 Inventories 37.000 1.000 Other current assets 4,600 Long-term liabilities 8,200 Other assets 25,000 Dividends 0
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