These financial statement items (in thousands) are for Chen Company at year-end, July 31, 2014. 
Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31, 2014.
Definitions:
Need For Achievement
A motivational drive that pushes individuals to reach success, excel in their endeavors, and overcome challenges through personal effort.
Job Enrichment
Enhancing a job's meaningfulness through allowing more autonomy, responsibility, and variety in tasks, often to improve employee satisfaction and performance.
Motivators
Factors that encourage or stimulate a person to act or work harder, often enhancing their engagement and performance.
High Need
A psychological condition where an individual has a greater than average requirement for a certain stimulus or condition to achieve satisfaction.
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