The adjusted trial balance of Edward Cooper Co. as of December 31, 2020, contains the following.

EDWARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
		Debit			Credit
Cash		$20,562
Accounts Receivable		8,010
Prepaid Rent		3,370
Equipment		19,140
Accumulated Depreciation-Equipment					$5,985
Notes Payable					6,790
Accounts Payable					6,562
Common Stock					21,090
Retained Earnings					12,400
Dividends		4,090
Service Revenue					12,680
Salaries and Wages Expense		7,930
Rent Expense		2,178
Depreciation Expense		227
Interest Expense		165
Interest Payable					165
		$65,672			$65,672

1. Prepare an income statement (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).

2. Prepare a statement of retained earnings (List items that increase retained earnings first).

3. Prepare a classified balance sheet. (List current assets in order of liquidity.)