The accounts in the ledger of Dependable Delivery Service contain the following balances on the February

29, 2020. Using the forms provided, prepare an income statement and a retained earnings statement for

the month of February 2020. Also prepare a classified balance sheet as of February 29, 2020 using the form

provided. Accounts payable -7,800, Accounts Receivable - 15,950, Cash- 17,465, Common Stock - 39,650, Dividends 760, Equipment -60,750, Insurance Expense - 925, Maintenance and Repair Expense - 1,630, Notes Payable due 2020- 30,600, Prepaid Insurance 3,100, Retained Earnings 2/1/202- 1,895, Salaries and Wages Expense- 8,650,

Salaries and Wages Payable- 1,525, Service Revenue - 28,650, Utilities Expense - 890