The following information is taken from Sandoval Corporation. on December 31, 2018. Assume all balances, except the given Retained Earnings amount, are ending balances.

	Account Name		Balance
	Accounts Payable		$700
	Accounts Receivable		750
	Advertising Expense		660
	Cash		3,700
	Common Stock		10,400
	Cost of Goods Sold		5,200
	Dividends		1,500
	Equipment		4,200
	Income Tax Expense		1,520
	Notes Payable (long-term)		900
	Notes Payable (short term)		300
	Prepaid Rent		1,100
	Retained Earnings (Jan 1, 2018)		2,600
	Salaries and Wages Expense		7,200
	Salaries and Wages Payable		800
	Utilities Expense		370
	Sales Revenue		18,500
	Short-term Investments		6,300
	Software		1,700

1 Prepare a multi-step Income Statement for Sandoval Corporation. Be sure to title and date your Income Statement appropriately. You Income Statement should show the following: Gross Profit, Income before Income Taxes, Net Income

2 Prepare a Statement of Retained Earnings for Sandoval Corporation. Be sure to properly title and date you Statement of Retained Earnings.

3 Prepare a classified Balance Sheet for Sandoval Corporation. Be sure to properly title and date your Balance Sheet. You must also clearly identify your current and non-current assets and liabilities.

4 Suppose Sandoval Corporation had an Accumulated Other Comprehensive Income account. What type of account is this (asset, liability, revenue etc) and on which Financial Statement would we report it?