These financial statement items are for Rugen Company at year-end, July 31, 2015.

Salaries and wages payable 2,980

salaries and wages expense 45,700

utilities expense 21,100

equipment 38,000

accounts payable 4,100

service revenue 57,200

rent revenue 6,500

common stock 20,000

notes payable (long-term) 3,000

cash 5,200

accounts receivable 9,780

accumulated depreciation- equipment 6,000

dividends 4,000

depreciation expense 4,000

retained earnings (Aug. 1, 2014)

1.Prepare an income statement for the year.

2.Prepare a retained earnings statement for the year.(List items that increase retained earnings first.)

3.Prepare a classified balance sheet at July 31.(List current assets in order of liquidity.)