Prepare an income statement for Lazuris Enterprises 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. (45).)

LAZURIS ENTERPRISES Balance Sheet April 30, 2022 Assets $ 1270 810 1200 60 967 $ 4307 4307 2420 $ 3100 ment -670 1750 4850 1800 $ 9157 Liabilities and Stockholders' Equity $ 834 135 222 1800 $ 9157 Liabilities and Stockholders' Equity 834 135 222 61 1252 3500 4752 900 3505 4405 $ 9157 eTextbook and Media List of Accounts You are provided with the following information for Lazuris Enterprises, effective as of its April 30, 2022, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $834 810 670 1,270 16,900 1,060 335 325 2,420 1,800 165 135 210 400 967 14,200 3,100 3,500 61 60 1,600 700 222 5,100 1,200 Your answer is partially correct. Prepare an income statement for Lazuris Enterprises 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. (45).) LAZURIS ENTERPRISES Income Statement For the Year Ended April 30, 2022 Revenues Cost of Goods Sold $ $ $ Income Tax Expense Total Expenses 165 Net Income /(Loss) 2230 e Textbook and Media List of Accounts LAZURIS ENTERPRISES Balance Sheet April 30, 2022 Assets Current Assets Cash Accounts Receivable Stock Investments Prepaid Insurance Stock Investments Total Current Assets Current Assets Investment in Land Property, Plant and Equipment Equipment Land $ 3100 Less : Accumulated Depreciation-Equipment -670 i Property, Plant and Equipment Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ Income Taxes Payable Salaries and Wages Payable Notes Payable Goodwill Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ Income Taxes Payable Salaries and Wages Payable Notes Payable Current Liabilities Long-Term Liabilities Mortgage Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity - eTextbook and Media List of Accounts