You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end.

Accounts payable		$ 884
Accounts receivable		999
Accumulated depreciationequipment		670
Cash		1,459
Common stock		1,467
Cost of goods sold		1,110
Depreciation expense		285
Dividends		375
Equipment		2,609
Income tax expense		215
Income taxes payable		185
Insurance expense		260
Interest expense		450
Inventory		1,156
Land		3,289
Mortgage payable		3,689
Notes payable		250
Prepaid insurance		110
Retained earnings (beginning)		1,600
Salaries and wages expense		650
Salaries and wages payable		272
Sales revenue		5,289
Stock investments (short-term)		1,339

1. Prepare an income statement for Ramirez Enterprises for the year ended April 30, 2014.

2. Prepare a retained earnings statement for Ramirez Enterprises for the year ended April 30, 2014.

3. Prepare a classified balance sheet for Ramirez Enterprises as of April 30, 2014. (List current assets in order of liquidity.)