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2-8 These financial statement items are for Fairview Corporation at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends $2,080 57,500 15,600 18,500 4,100 66,100 8,500 1,800 16,000 29,200 9,780 6,000 4,000 4,000 I Depreciation expense Retained earnings (beginning of the year)34,000 Instructions (a) Prepare an income statement and a retained earnings statement for the year. Fairview Corporation did not issue any new stock during the year. (b) Prepare a classified balance sheet at July 31. (c) Compute the current ratio and debt to assets ratio. tho rocident of naruinment Your sales manager has an