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

HERCULES COMPANY

Adjusted Trial Balance

August 31, 2017.

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.

\begin{tabular}{|lll|} \hline No. Account Titles & Debit & Credit \\ \hline 101 Cash & $10,900 & \\ \hline 112 Accounts Receivable & 6,200 & \\ \hline 157 Equipment & 10,600 & $5,400 \\ \hline 167 Accumulated Depr.-Equip. & & 2,800 \\ \hline 201 Accounts Payable & & 1,200 \\ \hline 208 Unearned Rent Revenue & & 31,700 \\ \hline 301 Owner's Capital & 12,000 & 42,400 \\ \hline 306 Owner's Drawings & & 6,100 \\ \hline 404 Service Revenue & & \\ \hline 429 Rent Revenue & 2,700 & $89,600 \\ \hline 711 Depreciation Expense & 37,100 & \\ \hline 720 Salaries and Wages Expense & 10,100 & \\ \hline 732 Utilities Expense & $89,600 & \\ \hline \end{tabular}