Instructions Prepare an income statement, letalined earnings statement, and a classified balance sheet as of Decem Net income Tot, assets $21,400 $84,500 ber 31, 2022 Prepare financial statements P2.3A (LO 1), AP You are provided with the following information for Lazuris Enterprises, effective as of its April 30, 2022, year-end, Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $ 834 810 670 1,270 16,900 1,060 335 325 2,420 1,800 165 135 210 400 967 14,200 3.100 3,500 61 60 1,600 700 222 5.100 1.200 a. Net income b. Tot, current assets Tot, assets $2,230 $4,307 $25,157 Instructions a. Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the year ended April 30, 2022 b. Prepare a classified balance sheet for Lazuris Enterprises as of April 30, 2022 P2.2A (LO 1), AP These items are taken from the financial statements of Martin Corporation for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $31,000 2,000 66,000 18,300 10.100 3,000 22,800 12,000 3,100 5,700 2,000 68,000 3,500 1,800 3,600 11,700 2,200 37,000 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of Decem- ber 31, 2022