Hoffman Enterprises Equipment 30000 Cash 45000 Supplies 300 Accounts Receivable 10000 Prepaid rent 1200 Interest Receivable 100 Prepaid Insurance 480 Notes Receivable (due in 90 days) 2000 Accumulated Depreciation (equipment) 6250 Interest Revenue Buildings Salaries Expense 100 70000 75000 Accumulated Depreciations (buildings) 7500 Interest Expense 375 Land 28120 Supplies Expense 1140 Accounts Payable 30000 Depreciation Expense (buildings) 1500 Notes Payable 5000 Depreciation Expense (Equipment) 1250 Interest Payable 375 Advertising Expense 600 Rent Expense 3800 Common Stock 50000 Rent Expense 1800 Retained Earnings 84575 Insurance Expense 960 Service Revenue 180000 Salaries Payable 3500 1 Make and income statement 2. Make a statement of retained earnings 3. Make a classified balance sheet (hint: there are 7 current assets and 4 current Liabilities and 10 accounts that don't go on the balance sheet)