Using the following accounts, prepare a classified balance sheet at year end, May 31, 2014: Accounts Payable, $1,600; Accounts Receivable, $2,200; Accumulated Depreciation-Equipment, $1,400;Cash, $400; Common Stock, $2,000; Equipment, $6,000; Franchise, $400; Investments (long-term), $1,000; Merchandise Inventory,$1,200; Notes Payable (long-term), $800; Retained Earnings, $?; Wages Payable, $200.