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what would be my retained earjings? can you show me how you got it please? 4 of 5 4. Prepare a classified balance sheet for
what would be my retained earjings? can you show me how you got it please? 4 of 5 4. Prepare a classified balance sheet for Laser Delivery Services at December 31, Include Retained Earnings on the balance sheet even though the account has a zero balance LASER DELIVERY SERVICES, INCORPORATED Balance Sheet book Assets Liabilities Current Assets Cash $ $ 25.000 24,200 Notes Payabong.form) 25,000 Total Current Assets Equipment Land 27.000 24.200 Total Liabilities 10.000 Stockholders' Equity 9,000 Common Stock Retained Earnings Total Stockholders Equity 52.000 Total Liabetes and Stockholders' Equity 30.600 55,000 5 $ Notal Assets Required information The following information applies to the questions displayed below.) Laser Delivery Services, Incorporated (LDS). was incorporated January 1. The following transactions occurred during the year: a. Received $27.000 cash from the company's founders in exchange for common stock. b. Purchased land for $9.000 signing a two year note ignore interest) c. Bought two used delivery trucks at the start of the year at a cost of $9,000 each paid $2,000 cash and signed a note due in three years for $16.000 (ignore Interest). d. Paid $800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks e Stockholder Jonah Lee paid $220.000 cash for a house for his personal use. 4. Prepare a classified balance sheet for Laser Delivery Services at December 31, Include Retained Earnings on the balance sheet even though the account has a zero balance
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