The adjusted trial balance and other related data for Nentenda Inc. at December 31 follow. Problem 4-64 Preparing an Income Statement, a Statement of Retained Earnings, and a Classified Balance Adjusted Trial Balance, December 31 Debit Balance Accounts Credit Balance Accounts Sheet LO2 Cash.. $ 38,600 Allowance for doubtful accounts.. $ 1,100 Land (used for building site). 29,000 Accounts payable (trade) 15,000 Cost of goods sold 125,500 Revenues... 245,000 Short-term investments Goodwill... Merchandise inventory. Office supplies inventory Patent... 42,000 Income tax payable. 7,500 12,000 Note payable (short-term)... 12,000 29,000 2,000 Common stock, $10 par, authorized 7,000 50,000 shares.... 100,000 Operating expenses 55,000 Accumulated depreciation 90,000 Income tax expense. 17,500 Retained earnings, December 31, Bond discount (unamortized) 7,500 prior year. 47,000 Prepaid insurance.. 900 Accrued salaries. 2,100 Building (at cost).. 150,000 Land (held for speculation). 31,000 Paid-in capital in excess of par- Common stock 15,000 Interest receivable 300 Accumulated amortization 4,000 Accounts receivable (trade) Note receivable, 5% (long-term investment) 22,700 Advances from customers (cash advance, short-term) 3,000 26,000 Cash surrender value of life insurance Accrued property taxes 800 policy.. 9,000 Note payable (long-term) 16,000 Dividends (declared and paid this year). Prior period adjustment (correction of error 15,000 Deferred revenue 1,500 Bonds payable, 11% ($25,000 due June from prior year no income tax effect). 15,000 of next year) 75,000 Total debits $635,000 Total credits $635,000 Required a. Prepare a single-step income statement including the earnings per share disclosure. b. Prepare a separate statement of retained earnings. c. Prepare a classified balance sheet.