P$2\mathrm{.}3($LO $1),$ AP You are provided with the following information for Lazuris Enterprises, effective as of its April $30,2025,$ year$-$end.

Accounts payable

$$834$

Accounts receivable

$810$

Accumulated depreciation$$equipment

$670$

Cash

$1,270$

Common stock

$16,900$

Cost of goods sold

$1,060$

Depreciation expense

$335$

Dividends

$325$

Equipment

$2,420$

Goodwill

$1,800$

Income tax expense

$165$

Income taxes payable

$135$

Insurance expense

$210$

Interest expense

$400$

Inventory

$967$

Investment in land

$14,200$

Land

$3,100$

Mortgage payable $($long$-$term$)$

$3,500$

Notes payable $($short$-$term$)$

$61$

Prepaid insurance

$60$

Retained earnings $($beginning$)$

$1,600$

Salaries and wages expense

$700$

Salaries and wages payable

$222$

Sales revenue

$5,100$

Stock investments $($short$-$term$)$

$1,200$

Instructions

Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the year ended April $30,2025.$

Prepare a classified balance sheet for Lazuris Enterprises as of April $30,2025.$

a$.$

Net income

$$2,230$

b$.$

Tot. current assets

$$4,307$

$$

Tot. assets

$$25,157$