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900 Selected financial statement items are for #Shoes at year end, July 31, 2020. Prepare a good form income statement. Operating expenses $32500 Interest payable

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900 Selected financial statement items are for #Shoes at year end, July 31, 2020. Prepare a good form income statement. Operating expenses $32500 Interest payable $1000 Salaries expense 44700 Supplies expense Unearned revenue 22000 Dividends declared 12000 Utilities expense 2600 Depreciation expense 6000 Prepaid rent expense 1500 Prepaid Tax expense 20000 Rent expense 2500 Property tax expense 40000 Revenues 100000 Income tax expense 5000

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