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Business, 08.03.2021 19:10 eliarnol9517

You are provided with the following information for Ivanhoe Company, effective as of its April 30, 2022 year-end. Accounts Payable $876 Accounts receivable 900 Buildings, net of accumulated depreciation 3,627 Cash 890 Common Stock 850 Cost of goods sold 2,510 Current portion of long-term debt 480 Depreciation expense 400 Dividends paid during the year 510 Equipment, net of accumulated depreciation 1,270 Income tax expense 240 Income taxes payable 240 Interest expense 330 Inventory 1,020 Land 1,500 Long-term debt 3,500 Prepaid expenses 12 Retained earnings, beginning 1,550 Service revenue 10,200 Selling expenses 330 Debt investments 1,400 Salaries and wages expense 770 Salaries and wages payable 220 Prepare a retained earnings statement for Ivanhoe Company for the year ended April 30, 2022. (List items that increase retained earnings first.) IVANHOE COMPANY Retained Earnings Statement Prepare an income statement for Ivanhoe Company for the year ended April 30, 2022. (Enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).) IVANHOE COMPANY Income Statement Prepare a classified balance sheet for Ivanhoe Company as of April 30, 2022. (List Current Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity

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