Ross Airport Auto Service provides parking and minor repair service at the local airport while customers are away on business or pleasure trips. The following account balances (except for retained earnings) are available for Ross Airport Auto Service at December 31, 2013.

Accounts payable	$17,200
Accounts receivable	40,110
Accumulated depreciation (equipment)	42,300
Cash	7,700
Common stock (20,000 shares)	100,000
Depreciation expense (equipment)	12,450
Dividends	6,300
Equipment	285,800
Income taxes expense	2,700
Income taxes payable	1,100
Interest expense	21,300
Interest payable	4,800
Interest income	4,400
Inventory (repair parts)	6,100
Investments (long term)	37,400
Notes payable (due May 2, 2020)	160,000
Prepaid rent (3 months)	27,300
Rent expense	103,500
Retained earnings, 12/31/2013	68,310
Service revenue (parking)	232,000
Service revenue (repair)	198,800
Supplies expense (repair parts)	36,900
Wages expense	246,100
Wages payable	10,700

Prepare a single-step income statement and a classified balance sheet for the year ended December 31, 2013.

Income Statement

Revenues:

__________________ $__________________

__________________ $__________________

__________________ $__________________

Total Revenue: $__________________

Expenses:

__________________ $__________________

__________________ $__________________

__________________ $__________________

__________________ $__________________

__________________ $__________________

__________________ $__________________

Total expenses: $__________________

Net income: $__________________

Balance Sheet

Assets:

Current assets

__________________ $__________________

__________________ $__________________

__________________ $__________________

__________________ $__________________

Total current assets $__________________

Long term investments

__________________ $__________________

Property, plant, and equipment:

__________________ $__________________

__________________ $__________________ ___________________

Total assets $__________________

Liabilities:

Current liabilities

__________________ $__________________

__________________ $__________________

__________________ $__________________

__________________ $__________________

Total current liabilities $__________________

Long term liabilities

___________________ $__________________

Total liabilities $__________________

Stockholders Equity:

__________________ $__________________

__________________ $__________________

Total stockholders equity $___________________

Total liabilities and stockholders equity $___________________