Prepare

1. Retained earning statement 
2. Balance sheet
    

You are provided with the following information for Sheridan Company, effective as of its April 30, 2022, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation Dividends Equipment Goodwill expense 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) $878 910 560 1,360 16,400 1,080 390 320 2,600 1,800 170 125 250 530 940 13,795 3,400 4,300 62 60 1,800 850 230 5,900 1,800