The following accounts are taken from Buck Up! Inc., a company that specializes in horse-breaking services and rodeo lessons, at December 31, 2017. 

Required: 

Using the unadjusted trial balance provided, create a classified balance sheet, statement of retained earnings, and income statement for Buck Up! Inc. for the year ended December 31, 2017. (These financial statements would be considered preliminary because they use unadjusted balances.) Create the income statement first, followed by the statement of retained earnings, and finally the classified balance sheet. Follow the formats presented in Exhibits 1.2, 1.3, and 2.13.

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BUCK UP! INC. Unadjusted Trial Balance At December 31, 2017 Account Name Debits Credits Cash $ 59,750 Accounts Receivable 3,300 Prepaid Insurance 1,200 Equipment 64,600 Land 23,000 Accounts Payable $ 29,230 Deferred Revenue 1,500 Long-Term Notes Payable 74,000 Contributed Capital 5,000 Retained Earnings 14,500 Dividends 3,500 Horse-Breaking Revenue 25,200 Rodeo Lesson Revenue 10,500 Wages Expense 3,900 Maintenance Expense 410 Other Expenses 270 Totals $159,930 $159,930