The Balances on December 31,2015 Are Available for Jennifer Company

Essay

The balances on December 31,2015 are available for Jennifer Company:
$\begin{array}{ll}\text { Accounts payable } & \$ 2,550 \\\text { Accounts receivable } & 3,550 \\\text { Accumulated depreciation } & 6,250 \\\text { Retained earnings, December } 31,2014 & ?\\\text { Cash } & 2,300 \\\text { Cost of goods sold } & 52,300 \\\text { Depreciation expense } & 2,500 \\\text { Dividends declared } & 8,800 \\\text { Equipment } & 29,000 \\\text { Income taxexpense } & 10,700\\\text { Interest expense } & 1,150 \\\text { Inventory } & 6,250 \\\text { Long-term notes payable } & 11,500 \\\text { Paid-in capital } & 4,450 \\\text { Prepaid rent } & 350\\\text { Rent expense } & 4,000 \\\text { Sales } & 118,600 \\\text { Wage expense } & 31,900 \\\text { Wages payable } & 3,000\end{array}$
Required:
Prepare a classified balance sheet at December 31,2015.