Question: (a) Prepare an income statement and a retained earnings statement for the yesr. stockholders did not mske any new investments during the year (b) prepare

(a) Prepare an income statement and a retained earnings statement for the yesr. stockholders did not mske any new investments during the year

(b) prepare a classified blanace sheet at july 31st

These financial statement items are for Rugen Company at year-end, July 31, 2021. Instructions (a) Prepare an income statement and a retained earnings statement for the year. Stockholders did not make any new investments during the year. (10 points) (b) Prepare a classified balance sheet at July 31 . (10 points) These financial statement items are for Rugen Company at year-end, July 31, 2021. Instructions (a) Prepare an income statement and a retained earnings statement for the year. Stockholders did not make any new investments during the year. (10 points) (b) Prepare a classified balance sheet at July 31 . (10 points)

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