4 of 5 < > View Policies Current Attempt in Progress These financial statement items are for Blossom Tax Services at year-end, July 31, 2020. Salaries and wages payable 2,336 Notes payable (long-term) 2,016 Salaries and wages expense 54,544 Cash 15,904 Utilities expense 25,312 Accounts receivable 10,960 Equipment 38,528 Accumulated depreciation-equipment 6,720 Accounts payable 4,592 Dividends 3,360 Service revenue 70,560 Depreciation expense 4,480 Rent revenue 9,520 Retained earnings (beginning of the year) 34,944 Share capital-ordinary 22,400 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLOSSOM TAX SERVICES Income Statement > > Prepare a retained earnings statement for the year. BLOSSOM TAX SERVICES Retained Earnings Statement 4 > 3. Prepare a classified statement of financial position at July 31. (List Current Assets in the reverse order of liquidity.) BLOSSOM TAX SERVICES Statement of Financial Position Assets Equity and Liabilities