Current Attempt in Progress These financial statement items are for Vaughn Tax Services at year-end, July 31, 2020. Salaries and wages payable 2,000 Notes payable (long-term) 1,728 Salaries and wages expense 46,752 Cash 13,632 Utilities expense 21,696 Accounts receivable 9,392 Equipment 33,024 Accumulated depreciation-equipment 5,760 Accounts payable 3,936 Dividends 2,880 Service revenue 60,480 Depreciation expense 3,840 Rent revenue 8,160 Retained earnings (beginning of the year) 29.952 Share capital-ordinary 19,200 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) VAUGHN TAX SERVICES Income Statement Prepare a retained earnings statement for the year. VAUGHN TAX SERVICES Retained Earnings Statement m Prepare a classifed statement of financial position at July 31. (List Current Assets in the reverse order of liquidity) VAUGHN TAX SERVICES Statement of Financial Position Assets Equity and Liabilities 3 Equity and Liabilities