The adjusted trial balance for Apachi Company is presented below.

(a) Prepare an income statement and a retained earnings statement for the year.

(b) Prepare a classified balance sheet at July 31.

APACHI COMPANY
Adjusted Trial Balance
July 31, 2011
No.	Account Titles	Debits	Credits
101	Cash	$14,840
112	Accounts Receivable	8,780
157	Equipment	15,900
167	Accumulated Depreciation		$7,400
201	Accounts Payable		4,220
208	Unearned Rent Revenue		1,800
311	Common Stock		20,000
320	Retained Earnings		25,200
332	Dividends	16,000
404	Commission Revenue		65,000
429	Rent Revenue		6,500
711	Depreciation Expense	4,000
720	Salaries Expense	55,700
732	Utilities Expense	14,900
		$130,120	$130,120