Ross Airport Auto Service provides parking and minor repair service at the local airport while customers are away on business or pleasure trips

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Ross Airport Auto Service provides parking and minor repair service at the local airport while customers are away on business or pleasure trips. The following account balances (except for retained earnings) are available for Ross Airport Auto Service at December 31, 2009.
Accounts payable ……………………………………….$ 16,700
Accounts receivable ……………………………………. 39,200
Accumulated depreciation, equipment …………………. 38,800
Cash …………………………………………………….. 6,700
Common stock (20,000 shares) ………………………… 100,000
Depreciation expense, equipment ……………………… 14,300
Dividends ………………………………………………. 6,300
Equipment ………………………………………………. 269,500
Income tax expense …………………………………….. 2,700
Income tax payable ……………………………………… 1,100
Interest expense ………………………………………… 18,300
Interest payable ………………………………………… 1,800
Interest revenue, long-term investments ……………….. 4,100
Inventory, repair parts ………………………………….. 4,900
Long-term investments in debt securities ………………. 35,000
Notes payable (due May 2, 2016) ……………………… 160,000
Prepaid rent (3 months) ………………………………… 27,300
Rent expense …………………………………………… 103,500
Retained earnings, 12/31/2009 …………………………. 51,700
Service revenue, parking ……………………………….. 224,600
Service revenue, repair …………………………………. 208,100
Supplies expense, repair parts ………………………….. 36,900
Wages expense …………………………………………. 246,100
Wages payable ………………………………………….. 12,500

Required:
Prepare a single-step income statement and a classified balance sheet for Ross Airport Auto Service for the year ended December 31, 2009.

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