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Question 3 You are provided with the following information for Cullumber Company, effective as of its April 30, 2022, year-end. Accounts payable $ 846 Accounts receivable 860 Accumulated depreciation-e Cash 1,210 Common stock 16,000 just of goods sold 1,080 Depreciation expense Dividends Equipmen 2,470 Goodwill income tax expense income taxes Insurance expense Interest expense Inventory Investment in land OL6'S1 Land Land 3,500 Mortgage payable (long-term) 3, 700 new youre (short-term) Prepaid insurance Retained earnings (beginning) 2,100 Salaries and wage 900 Salaries and wages payable Sales revenue 6,400 Stock investments (short-term) 1,600 Your answer is partially correct. Try again. Prepare an income statement for Cullumber Company for the year ended April 30, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. CULLUMBER COMPANY Income Statement For the Year Ended April 30, 2022 Sales Revenue 6400 Cost of Goods Sold Salaries and Wages Expense Depreciation Expense ncome Tax Expense Insurance Expense Interest Expense Total Expenses Net Income / (Loss) Prepare a retained earnings statement for Cullumber Company for the year ended April 30, 2022. (List items that increase retained earnings first.) CULLUMBER COM Retained Earnings , May 1, 2021 Add Net Income / (Loss) Less v Dividends Retained Earnings, April 30, 2022 v Prepare a classified balance sheet for Cullumber Company as of April 30, 2022. (List Current Assets in order of liquidity.) RIBER COMPANY April 30, 2022 Assets Current Assets [Accounts Receivable aventory 00000 Prepaid Insurance Stock Investments Total Current Assets Current Assets Investment in Land Property, Plant and Equipm Land Equipment Add " Accumulated Depreciation-Equipment 00 0 C Total Property, Plant and Equipment tangible Assets Goodwill Total Assets Liabilities and Stockholders' Equity rrent Liabilities Accounts Payable Income Taxes Payable Notes Payable Salaries and Wages Payable Total Current Liabilities Current Liabilities Accounts Payable Income Taxes Payable Notes Payable Salaries and Wages Payable Total Current Liabilities Current Liabilities Mortgage Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings [Total Stockholders' Equity Total Liabilities and Stockholders' Equity