Using the following alphabetical list of accounts, prepare the Income Statement, Statement of Retained Earnings, and Classified Balance Sheet for Best Company, Inc. The company started business on January 1, 2020 and would like the reports prepared for their first year of operations, which ended on December 31, 2020.

Accounts Payable		$ 25,000
Accounts Receivable		65,000
Accumulated Depreciation - Building		40,000
Accumulated Depreciation - Equipment		13,000
Advertising Expense		65,000
Building		200,000
Cash		50,000
Common Stock		100,000
Depreciation Expense - Building		40,000
Depreciation Expense - Equipment		13,000
Dividends		50,000
Equipment		75,000
Insurance Expense		80,000
Interest Expense		15,000
Land		70,000
Notes Payable - due in 6 years		190,000
Office Supplies		10,000
Office Supplies Expense		12,000
Prepaid Insurance		53,000
Salaries Expense		425,000
Salaries Payable		5,000
Service Revenue		850,000