Exercise 4-09 a1,a2-b Swifty Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Debit Credit Cash $11,000 9,400 16,000 Swifty Company Adjusted Trial Balance July 31, 2019 No. Account Titles 101 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $7,600 4,600 1,500 18,200 28,900 15,500 64,900 6,700 8,800 56,500 15,200 $132,400 $132,400 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or par Swifty Company Income Statement (To close dividends) Prepare an retained earnings statement for the year. Swifty Company Retained Earnings Statement July 31 115 July 31 J15 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Swifty Company Balance Sheet 7 Assets Liabilities and Stockholders' Equity $