Question: You are provided with the following information for Lazuris Enterprises, effective as of its April 30, 2017, year-end.
![635_AP.png](https://secure.tutorsglobe.com/CMSImages/635_AP.png)
Instructions: (a) Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the year ended April 30, 2017.
(b) Prepare a classified balance sheet for Lazuris Enterprises as of April 30, 2017.