The accounting staff at Marvelous Enterprises prepares monthly financial statements. At the end of April, the company's ledger accounts have the following balances. All adjusting entries have been made and the next step is to prepare the financial statements. The company has 18,200 shares of stock outstanding.

Prepare a classified balance sheet in proper format. (Show land separately.) Use a three-line heading on the statement that includes
(1) The name of the company,
(2) The name of the statement, and
(3) The appropriate date. Explain how you determined the April 30 balance in RetainedEarnings.

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$17,000 Land Accounts payable Accounts receivable Accumulated depreciation Buildings Cash Contributed capital Copyrights and trademarks Cost of goods sold Depreciation expense Dividends declared Income tax expense Insurance expense Interest expense $45,000 33,000 12,480 14,200 3,300 1,100 8,400 26,000 3,570 1,300 1,500 17,700 14,700 13,100 50,000 10,360 Patents 38,770 Prepaid insurance Long-term notes payable Merchandise inventory Notes payable, current portion 5,000 Retained earnings, March 31 Sales revenue 15,050 1100 Supplies 1,200 Supplies expense 1,060 Wage expense 550 Wages payable 900