These items are taken from the financial statements of Ivanhoe Company for 2022.

Retained earnings (beginning of year)		$33,800
Utilities expense		2,160
Equipment		66,300
Accounts payable		20,560
Cash		13,750
Salaries and wages payable		6,640
Common stock		21,800
Dividends		12,000
Supplies		3,600
Debt investment (long-term)		5,600
Trademarks		1,900
Service revenue		71,700
Prepaid insurance		7,140
Maintenance and repairs expense		1,640
Depreciation expense		3,270
Accounts receivable		15,160
Insurance expense		2,530
Salaries and wages expense		40,700
Accumulated depreciationequipment		21,250

1. Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2. Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.)

3. Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity.)