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You are provided with the following information for Sheridan Company, effective as of its April 30, 2017, year-end. Accounts payable $ 869 Accounts receivable 935

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

Accounts payable $ 869
Accounts receivable 935
Accumulated depreciationequipment 670
Cash 1,395
Common stock 1,275
Cost of goods sold 1,095
Depreciation expense 300
Dividends 360
Equipment 2,545
Income tax expense 200
Income taxes payable 170
Insurance expense 245
Interest expense 435
Inventory 1,092
Land 3,225
Mortgage payable 3,625
Notes payable 186
Prepaid insurance 95
Retained earnings (beginning) 1,600
Salaries and wages expense 665
Salaries and wages payable 257
Sales revenue 5,225
Stock investments (short-term) 1,290

Prepare an income statement for Sheridan Company for the year ended April 30, 2017.

Prepare a retained earnings statement for Sheridan Company for the year ended April 30, 2017. (List items that increase retained earnings first.)

Prepare a classified balance sheet for Sheridan Company as of April 30, 2017. (List current assets in order of liquidity.)

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