These financial statement items are for Basten Company atyear-end, July 31, 2022.

a. Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year.
b. Prepare a classified balance sheet at July 31.

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Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $ 2,080 48,700 22,600 34,400 4,100 63,000 8,500 Notes payable (due after 2023) Cash Accounts receivable Accumulated depreciation-equipment Owner's drawings Depreciation expense Owner's capital (beginning of the year) $ 1,800 14,200 9,780 6,000 3,000 4,000 51,200