Current Attempt in Progress Sunland Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Credit No. 101 112 157 158 201 208 301 306 400 429 711 726 Sunland Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Cash $8.200 Accounts Receivable 8,700 Equipment 16,100 Accumulated Depreciation Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings 15,500 Service Revenue Rent Revenue Depreciation Expense 8,300 Salaries and Wages Expense 55.900 Utilities Expense 14,500 $127,200 $7,800 4,100 2,200 42,800 63,300 7.000 732 $127,200 (a 1) 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).) SUNLAND COMPANY Income Statement $ + $ $ eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer Crobat Prepare an owner's equity statement for the year. Sunland did not make any capital investments during the year. SUNLAND COMPANY Owner's Equity Statement + $ $ e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer (b) Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) SUNLAND COMPANY Balance Sheet Assets $ + KI Liabilities and Owner's Equity $ Coroanahat