3. Prepare a retained earnings statement for the year ending December 31, 2022.

4. Prepare a classified balance sheet as of December 31, 2022.

WP RIVERBED CORP Balance Sheet December 31, 2021 Cash Account Accounts receivable $46,740 Accounts payable 86,450 Common stock ($10 par) (2.850) Retained earnings $48.640 152.000 242,060 Allowance for doubtful accounts Dashboard Supplies 8,360 Land 76,000 Courses Buildings 269,800 Calendar Accumulated depreciation-buildings (41,800) $442,700 $442,700 Inbox During 2022. the following transactions occurred. Get HELP SOS 1. On January 1, Riverbed issued 2.280 shares of $40 par, 7% preferred stock for $93,480. 2. On January 1, Riverbed also issued 1.710 shares of the $10 par value common stock for $39.900. 3. Riverbed performed services for $608,000 on account 4. On April 1, 2022. Riverbed collected fees of $68,400 in advance for services to be performed from April 1.2022. to March 31, 2023. 5. Riverbed collected $524.400 from customers on account. 6. Riverbed bought $66,690 of supplies on account 7. Riverbed paid $61,180 on accounts payable 8. Riverbed reacquired 760 shares of its common stock on June 1 for $28 per share. 9. Paid other operating expenses of $357.580. 10. On December 31, 2022. Riverbed declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock, all payable on January 15, 2023. 11. An account receivable of $3.230 which originated in 2022 is written off as uncollectible. Adjustment data: 1. A count of supplies indicates that $11,210 of supplies remain unused at year-end. 2. Recorded revenue from item 4 above. 3. The allowance for doubtful accounts should have a balance of $6,650 at year end. 4. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $19.000. 5. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) e