You are provided with the following information for Wildhorse Co., 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 Dividend:s 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) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225 300 490 1,147 3,280 3,680 241 150 1,600 610 312 5,280 1,290 Prepare an income statement for Wildhorse Co. for the year ended April 30, 2017 Wildhorse Co. Income Statement For the Year Ended April 30, 2017 Revenues Sales Revenue 5280 Expenses Cost of Goods Sold 1150 245 Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Income Tax Expense Total Expenses 300 610 490 255 3050 Net Income / (Loss) 2230 Prepare a retained earnings statement for Wildhorse Co. for the year ended April 30, 2017. (List items that increase retained earnings first.) Wildhorse Co. Retained Earnings Statement For the Year Ended April 30, 2017 Retained Earnings, May 1, 2016 1600 2230 Add L Net Income / (Loss) 3830 Less Dividends 415 Retained Earnings, April 30, 2017 3415 Click if you would like to Show Work for this question: Open Show Work Prepare a classified balance sheet for Wildhorse Co. as of April 30, 2017. (List current assets in order of liquidity.) Wildhorse Co Balance Sheet Assets Liabilities and Stockholders' Equity