These financial statement items are for Rugen Company at year-end, July 31, 2015.

Salaries and wages payable 2,980
salaries and wages expense 45,700
utilities expense 21,100
equipment 38,000
accounts payable 4,100
service revenue 57,200
rent revenue 6,500
common stock 20,000
notes payable (long-term) 3,000
cash 5,200
accounts receivable 9,780
accumulated depreciation- equipment 6,000
dividends 4,000
depreciation expense 4,000
retained earnings (Aug. 1, 2014)

1. Prepare an income statement for the year.

2. Prepare a retained earnings statement for the year. (List items that increase retained earnings first.)

3. Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.)