The following items are taken from the financial statements of Cullumber Company for 2022:

Accounts payable $10,600
Accounts receivable 12,500
Accumulated depreciation—equipment 36,900
Advertising expense 21,400
Cash 13,000
Common stock 97,000
Depreciation expense 13,600
Dividends 16,000
Equipment 225,000
Insurance expense 2,600
Notes payable 65,000
Prepaid insurance 6,600
Rent expense 16,800
Retained earnings (beginning) 25,900
Salaries and wages expense 33,500
Salaries and wages payable 3,900
Service revenue 133,000
Supplies 4,600
Supplies expense 6,700

Prepare a classified balance sheet for Cullumber Company as of April 30, 2022.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."