You are provided with the following information for Lazuriz Enterprises, effective as of its April 30, 2017, year-end.

Accounts payable $834 Accounts receivable 810 Accumulated depreciation-equipment 670 Cash 1,270 Common stock 900 Cost of goods sold 1060 Depreciation expense 335 Dividends 325 Equipment 2,420 Income tax expense 165 Income taxes payable 135 Insurance expense 210 Inventory 967 Land 3,100 Mortgage payable 3,500 Notes payable 61 Retained earnings (beginning) 1,600 Salaries and wages expense 700 Salaries and wages payable 222 Sales Revenue 5,100 Stock investments (short-term) 1,200

Prepare an income statement and retained earnings statement for Lazuris Enterprises for the year ended April 30, 2017.

Prepare a classified balance sheet for Lazuris Enterprises as of April 30, 2017.