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You are provided with the following information for Ivanhoe Company, effective as of its April 30, 2022, year-end. Accounts payable $ 850 Accounts receivable 810
You are provided with the following information for Ivanhoe Company, effective as of its April 30, 2022, year-end.
Accounts payable | $ 850 | |
Accounts receivable | 810 | |
Accumulated depreciationequipment | 670 | |
Cash | 1,310 | |
Common stock | 17,400 | |
Cost of goods sold | 1,030 | |
Depreciation expense | 370 | |
Dividends | 340 | |
Equipment | 2,490 | |
Goodwill | 1,900 | |
Income tax expense | 185 | |
Income taxes payable | 140 | |
Insurance expense | 330 | |
Interest expense | 560 | |
Inventory | 980 | |
Investment in land | 12,965 | |
Land | 3,200 | |
Mortgage payable (long-term) | 3,500 | |
Notes payable (short-term) | 60 | |
Prepaid insurance | 70 | |
Retained earnings (beginning) | 1,400 | |
Salaries and wages expense | 850 | |
Salaries and wages payable | 270 | |
Sales revenue | 4,900 | |
Stock investments (short-term) | 1,800 |
Prepare a retained earnings statement for Ivanhoe Company for the year ended April 30, 2022. (List items that increase retained earnings first.) IVANHOE COMPANY Retained Earnings Statement Prepare an income statement for Ivanhoe Company for the year ended April 30, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) IVANHOE COMPANY Income Statement Prepare a classified balance sheet for Ivanhoe Company as of April 30, 2022. (List Current Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity
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