attempt.php?attempt-30418&cmid=32403&page=6 These financial statement items are for Rugen Company at year-end, July 31, 2020 Cash Accounts receivable Equipment Accumulated depreciation Accounts payable Notes payable (long-term) Salaries and wages payable 5,200 9,780 38,000 6,000 4,100 3,000 2,980 48,000 4,000 Owner's capital (beginningof the year) Owner's Drawings Salaries and wages expense 45,700 Utilities expense 21.100 Depreciation expense 4,000 Service revenue 57 200 Rent revenue 6,500 ALI MOHAMED ALI ABDU 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 (6 marks) (b) Prepare a classified balance sheet at July 31. (7 marks) DELL