You are provided with the following information for Vaughn Manufacturing, effective as of its April 30, 2017, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $ 909 975 670 1,435 1,395 1,135 260 400 2,585 240 210 285 475 1,132 3,265 3,665 226 135 1,600 625 297 5,265 1,290 Prepare an income statement for Vaughn Manufacturing for the year ended April 30, 2017. Vaughn Manufacturing Income Statement Prepare a retained earnings statement for Vaughn Manufacturing for the year ended April 30, 2017. (List items that increase retained earnings first.) Vaughn Manufacturing Retained Earnings Statement SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Prepare a classified balance sheet for Vaughn Manufacturing as of April 30, 2017. (List current assets in order of liquidity.) Vaughn Manufacturing Balance Sheet Assets Assets Liabilities and Stockholders' Equity