3. These financial statement items are for Nazir Company at year-end, July 31, 2019. Salaries payable $ 1,040 Note payable (long-term) $900 Salaries expense 25,850 Cash 12,100 Utilities expense 11,300 Accounts receivable 4,890 Equipment 9,259 Accumulated depreciation 3,000 Accounts payable 2,050 Nazir, Drawing 2,000 Commission revenue 30,550 Depreciation expense 2,000 Rent revenue 4,250 Nazir, Capital (beginning 25,600 of the year) Instructions: (a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. (b) Prepare a classified balance sheet at July 31. Income Statement Particulars Amount ($) Amount ($) Owner's Equity Statement Particulars Amount ($) Amount (5) Balance Sheet Particulars Amount ($) Amount (5) 3. These financial statement items are for Nazir Company at year-end, July 31, 2019. Salaries payable $ 1,040 Note payable (long-term) $900 Salaries expense 25,850 Cash 12,100 Utilities expense 11,300 Accounts receivable 4,890 Equipment 9,259 Accumulated depreciation 3,000 Accounts payable 2,050 Nazir, Drawing 2,000 Commission revenue 30,550 Depreciation expense 2,000 Rent revenue 4,250 Nazir, Capital (beginning 25,600 of the year) Instructions: (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