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use the data table to answer the questions below in the picture. also the income statement 1. 2. Carley Communications reported the figures from its

use the data table to answer the questions below in the picture.
also the income statement
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2.
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image text in transcribed
image text in transcribed
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Carley Communications reported the figures from its adjusted trial balance and from its multi-step |(Click the icon to view the accounts and balances.) (Click the icon to view the r Read the requirements Requirement 1. Prepare Carley Communications's statement of retained earnings for the year end (Enter a "0" for any zero balances. Include only applicable transactions during the period.) Carley Communications Statement of Retained Earnings Year Ended July 31, 2018 Retained Earnings. August 1, 2017 Retained Earnings, July 31, 2018 Renuiremont 2 Dronaro Carts Carley Communications reported the figures from its adjusted trial balance and from its multi-step inc |(Click the icon to view the accounts and balances.) (Click the icon to view the mul Read the requirements Requirement 2. Prepare Carley Communications's classified balance sheet at July 31, 2018. Use the Begin by completing the assets section, then complete the liabilities and stockholders' equity sections. Carley Communications Balance Sheet July 31, 2018 Assets Choose from any list or enter any number in the innut fintdo Carley Communications reported the figures from its adjusted trial balance and from its multi-step incc (Click the icon to view the mult (Click the icon to view the accounts and balances.) Read the requirements Liabilities Choose from any list or enter any number in the input fields and then continue to the next question Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question - X Data Table $ 18,400 4,100 Cost of Goods Sold Cash 8,600 1,900 Equipment, net Selling Expenses Accounts Payable 4,400 Accrued Liabilities 1,500 28,000 Common Stock 5,835 Net Sales Revenue 3,900 Notes Payable, long-term 600 Accounts Receivable 400 Interest Expense Merchandise Inventory 35 Administrative Expenses 3,000 Print Done Carley Communications Income Statement Year Ended July 31, 2018 $ 28,000 Net Sales Revenue 18,400 Cost of Goods Sold 9,600 Gross Profit Operating Expenses: Selling Expenses 1,900 3,000 Administrative Expenses 4,900 Total Operating Expenses Operating Income 4,700 Other Income and (Expenses) (35) Interest Expense Total Other Income and (Expenses) (35) Net Income (Loss) 4.665

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