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

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:

1. Gross Profit
2. Income before Income Taxes
3. 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?