Question: Hello, I need some help figuring out how to prepare a classified balance sheet. Please show work because I would like to try and make
Hello, I need some help figuring out how to prepare a classified balance sheet. Please show work because I would like to try and make sense of this for future problems. Thank you!




The adjusted trial balance of Kevin Co. for the year ending December 31, 2025, contains the following. Your answer is correct. Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) KEVIN CO. Income Statement For the Year Ended December 31, 2025 Revenues Servlce Revenue 512845 Expenses Rent Expense interest Expense Depreclation Expense \begin{tabular}{|l|l|} \hline 239 & 1 \\ \hline \end{tabular} Salarles and Wages Expense Total Expenses Prepare a retained earnings statement. (List items that increase retained earnings first). KEVIN CO. Balance sheet Assets $
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