You are provided with the following information for Lazuris Enterprises, effective as of its April 30, 2025, year-end.

Instructionsa. Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the year ended April 30, 2025.b. Prepare a classified balance sheet for Lazuris Enterprises as of April 30, 2025.

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Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) 810 670 1,270 16,900 1,060 335 325 2,420 1,800 165 135 210 400 967 14,200 3,100 3,500 61 60 1,600 700 222 5,100 1,200