Hercules Company ended its fiscal year on August 31, 2017. The companys adjusted trial balance as of the end of its fiscal year is as shown below.

HERCULES COMPANY

Adjusted Trial Balance

August 31, 2017

No. Account Titles Debit Credit

101 Cash 10,900 112 Accounts Receivable 6,200 157 Equipment 10,600 167 Accumulated Depr.Equip. 5,400 201 Accounts Payable 2,800 208 Unearned Rent Revenue 1,200 301 Owners Capital 31,700 306 Owners Drawings 12,000 404 Service Revenue 42,400 429 Rent Revenue 6,100 711 Depreciation Expense 2,700 720 Salaries and Wages Expense 37,100 732 Utilities Expense 10,100 $89,600 $89,600

Required: (a) Prepare an income statement or the year ended August 31, 2017.

(b) Prepare an owners equity statement for the year ended August 31, 2017. Hercules did not make any capital investments during the year.

(c) Prepare a classified balance sheet at August 31, 2017.