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You are provided with the following information for Sheridan Company, effective as of its April 30, 2025, year-end. begin{tabular}{lr} Insurance expense & 310 Interest

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You are provided with the following information for Sheridan Company, effective as of its April 30, 2025, year-end. \begin{tabular}{lr} Insurance expense & 310 \\ Interest expense & 450 \\ Inventory & 950 \\ Investment in land & 14,700 \\ Land & 3,100 \\ Mortgage payable (long-term) & 3,600 \\ Notes payable (short-term) & 70 \\ Prepaid insurance & 1,600 \\ Retained earnings (beginning) & 800 \\ Salaries and wages expense & 215 \\ Salaries and wages payable & 6,000 \\ Sales revenue & 1,300 \\ Stock investments (short-term) \end{tabular} SHERIDAN COMPANY Income Statement For the Year Ended April 30, 2025 Revenues Sales Revenue $ 6000 Expenses Cost of Goods Sold $ 1020 Depreciation Expense 365 Insurance Expense 310 Interest Expense 450 Salaries and Wages Expense 800 Income Tax Expense 180 Total Expenses 2945 Net Income / (Loss) $ 3055 130, 2025. (List items that increase Prepare a classified balance sheet for Sheridan Company as of April 30, 2025. (List Current Assets in order of liquidity.) Liabilities and Stockholders' Equity PUPPORT

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