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Caitlyn Communications Income Statement Year Ended July 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Sales Discounts Forfeited 900 Interest Expense (24) Total Other Income and (Expenses) Net Income (Loss) \begin{tabular}{rr} & 876 \\ \hline$6,476 \\ \hline \hline \end{tabular} Communications' statement of retained earnings for the year ended July 31, 2024. Assum Requirements 1. Prepare Caitlyn Communications' statement of retained earnings for the year ended July 31,2024 . Assume that there were no dividends declared during the year and that the business began on August 1, 2023. 2. Prepare Caitlyn Communications' classified balance sheet at July 31,2024. Use the report format. (Cick the icon to view the accounts and balances) folick the iasn to vinw lhe in tead the recuirements Requirement 1. Prepare Caityn Communications' statemnat of retained eamings for the year endet business began on August 1, 2023. (Enter a " "" for any zero balances, Include only applicable tranti 2024. Use the re iquily sections. Raad the requirements. Requirement 2. Prepare Caitlyn Communications' classified balance sheet at July 31, 2024. Use the report format. Begin by completing the assets section, then complete the liabilities and stockholders' equity sections. (If a box is not use a zero.) C-Lul. - Cammuninatinne rannrtad the fioures from its adjusted trial balance and from its multi-step incom

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