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Requirement 1. Prepare Carissa Communications' statement of retained earnings for the year ended July 31;2025. Assume business began on August 1, 2024. (Enter a 0

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Requirement 1. Prepare Carissa Communications' statement of retained earnings for the year ended July 31;2025. Assume business began on August 1, 2024. (Enter a 0 for any zero balances. Include only applicable transactions during the period.) Requirement 2. Prepare Carissa Communications' classified balance sheet at July 31, 2025. Use the report format. Begin by completing the assets section, then complete the liabilities and stockholders' equity sections. Carissa Communications Balance Sheet July 31,2025 Assets Liabilities Accounts and Balances Income Statement

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