The following information for Rogers Enterprises is available at December 31, 2011, and includes all of Rogers€™ financial statement amounts except retained earnings:

Required:
Prepare a single-step income statement and a classified balance sheet for the year ending December 31, 2011, for Rogers.

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90,000 135,000 $72,920 Property, plant, and equipment Accounts receivable Cash Common stock [10,000 shares) Income taxes expense Income taxes payable Interest expense Notes payable (due in 10 years] Prepaid rent (building) 13,240 Rent expense 70,000 Retained earnings 12,800 Salaries expense 4,150 Salaries payable 16,000 Service revenue 25,000 Supplies 31,500 Supplies expense 235,200 14,800 463,500 42,000 34,400