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112 Vaughn Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is

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112 Vaughn Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below: VAUGHN COMPANY Adjusted Trial Balance July 31, 2017 No. Account Titles Debit Credit 101 Cash 10,321 Accounts Receivable 8,319 157 Equipment 15,918 158 Accumulated Depreciation-Equip. 5,722 201 Accounts Payable 2,423 208 Unearned Rent Revenue 3,594 311 Share Capital-Ordinary 19,506 320 Retained Earnings 20,356 332 Dividends 12,490 400 Service Revenue 63,780 429 Rent Revenue 6,095 711 Depreciation Expense 3,878 726 Salaries and Wages Expense 55,758 732 Utilities Expense 14,792 121,476 121,476 Prepare an income statement for the year. (If the amount for net income is negative, enter negat parentheses e.g. (45).) VAUGHN COMPANY Income Statement Prepare an retained earnings statement for the year. VAUGHN COMPANY Retained Earning Statement E Prepare a classified statement of financial position at July 31. VAUGHN COMPANY Statement of Financial Position Assets Equity and Liabilities Equity and Liabilities Questio

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