Suppose Tree City Sporting Goods Company reported the following data at July $31,2021,$ with amounts in thousands:

$($Click the icon to view the data.$)$

Use these data to prepare Tree City Sporting Goods Company's single$-$step income statement for the year ended July $31,2021$; statement of retained earnings for the year ended July $31,2021$; and classified balance sheet at July $31,2021.$ Use the report format for the balance sheet.

Assets

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$\backslash$table$[[$Retained earnings,$31600],[$Accounts receivable,$27,900],[$Cash$,26,000],[$Net revenues,$17700],[$Total current liabilities,$53900],[$All other expenses,$26000],[$Other assets,$21,000],[$Other current assets,$4800]]$

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Data table

$\backslash$table$[[$Retained earnings, July $31,2020,$$$31,600,$Cost of goods sold,$$136,400$