Need Help With Classified Balance Sheet Please?

Worker Products Company
Adjusted Trial Balance
December 31, 2011
Debit Credit
Cash $ 9,400
Accounts receivable 25,000
Merchandise inventory 36,000
Office supplies 900
Store equipment 75,000
Accumulated Depreciation – store equipment $ 22,000
Office equipment 60,000
Accumulated Depreciation – office equipment 15,000
Accounts payable 42,000
Notes payable (due 2012) 10,000
Common stock 40,000
Beginning Retained earnings 70,700
Dividends 48,000
Sales 325,000
Sales discounts 6,000
Sales returns and allowances 16,500
Cost of goods sold 195,000
Sales salaries expense 32,500
Depreciation expense – store equipment 11,000
Depreciation expense – office equipment 7,500
Office supplies expense 1,300
Interest expense 600
Totals $524,700 $524,700
Income statement
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$325,000
Sales discounts . . . . . . . . . . . . .. . . . . . . $ 6,000
Sales returns and allowances . . . .. . . . . . . 16,500 .. . . 22,500
Net Sales . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 302,500
Less: Cost of goods sold . . . . . . . . . . . . . . .. . . . . . . 195,000
Gross Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $107,500
Operation expenses
Sales salaries expense . . . . . . . . . . . . . . .32,500
Depreciation expense – store equipment . . .11,000
Depreciation expense – office equipment . . . 7,500
Office supplies expense . . . . . . . . . . . . . . . 1,300 .. . . 52,300
Other expenses and income
Interest expense . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 600
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $54,600
Statement of retained earnings
Beginning retained earnings balance . . . . .$70,700
Net income . . . . . . . . . . . . . . . . . . . . . . . 54,600 . . $125,300
Less: Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,000
Ending retained earnings balance . . . . . . . . . . . . . . . .$77,300

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