accounting problem

Problem I. (15 points). These financial statement items are for Jefferson Corporation at year- end, July 31, 2019: 2,580 50,700 22,600 21,000 4,100 62,100 8,500 1,800 16,000 20,200 12,780 6,000 5,000 4,000 35,200 Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due 2021) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) Instructions (a) Prepare an income statement and a retained earnings statement for the year ended July 31, (b) Prepare a classified balance sheet at July 31, 2019. Handwrite (neatly) your answers on the next two pages (do not attach separate sheets): 2019. Jefferson Corporation did not issue any new stock during the year