Question: please help me for correct answer on the balance sheet for retained earnings and common stock Prepare the April 30,2022, classified balance sheet. (Ust Current



Prepare the April 30,2022, classified balance sheet. (Ust Current Assets in order of liquldity) Equipment 9050 Less v: Accumulated Depreciation-Equipment 905 Total Assets liabilities and Stockholders' Equity Current Labilities Salaries and Wages Payable Stockholders' Equity Retained Earnings 5021500 Common Stock 13505 Total Stockholders' Equity Total Labilities and Stockholders' Equity $ Sheridan Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30,2022 . The repair shop equipment was purchased on November 1 and has an estirnated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The part-time helper is owed $355 at April 30,2022 , for unpaid wages, At April 30 , 2022. customers owe Sheridan Company $490 for services they have received but have not yet paid for
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