The following adjusted trial balance of Schneider Consulting, Inc. was prepared for the year ended December 31, 2009.

Required:
(a) Prepare an income statement for the year ended December 31, 2009.
(b) Prepare a Statement of Stockholders€™ Equity for the year ended December 31, 2009, assuming Schneider Consulting did not issue any new stock in 2009.
(c) Prepare a classified balance sheet as of December 31, 2009.

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Debit S 24,000 71,000 1,000 125,000 6,000 252,000 Credit Cash Accounts Receivable Interest Receivable Inventory Prepaid Insurance Equipment Accumulated $41,000 27,000 4,000 57,000 90,000 35,000 71,000 Depreciation Equipment Accounts Payable Interest Payable Income Tax Payable Notes Payable (long-term) Common Stock Retained Earnings Dividends Consulting Fees Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Utilities Expense Interest Expense Depreciation 10,000 460,000 3,000 176,000 23,000 22,000 6,000 5,000 Expense Equipment Income Tax Expense Totals 10,000 57,000 $788,000 S788,000