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Make an income statement, make a statement of retained earnings and make a classified balance sheet Cash 45000 Account Receivable 10000 Supplies 300 Prepaid Rent

Make an income statement, make a statement of retained earnings and make a classified balance sheet

Cash 45000

Account Receivable 10000

Supplies 300

Prepaid Rent 1200

Interest Receivable 100

Prepaid insurance 480

Equipment 30000

Notes Receivable 2000

Accumulate depreciation (building) 7500

Accumulate depreciation (equipment) 6250

Interest Revenue 100

Buildings 70000

Salaries expenses 75000

Interest expenses 375

Land 28120

Supplies expenses 1140

Account Payable 30000

Notes Payable 5000

Interest Payable 375

Depreciation expenses (buildings) 1500

Depreciation expenses (equipment) 1250

Advertising expenses 600

Rent expenses 3800

Common stock 50000

Rent expenses 4800

Retained earnings 84575

Insurance expenses 960

Service revenue 180000

Salaries Payable 3500

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