The adjusted trial balance of Oliver Co. as of December 31, 2025, contains the following.

Instructions

a. Prepare an income statement.

b. Prepare a retained earnings statement.

c. Prepare a classified balance sheet.

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Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Oliver Co. Adjusted Trial Balance December 31, 2025 Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Dr. $19,472 6,920 2,280 18,050 3,000 6,840 2,260 145 83 $59,050 Cr. $4,895 5,700 5,472 20,000 11,310 11,590 83 $59,050