Now answer part B every step of the problem do not miss

Exercise 2-8 (Part Level Submission) These financial statement items are for Whispering Winds Corp. 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 3,580 59,500 17,000 20,000 4,100 68,100 9,900 3,300 16,000 30,600 11,280 7,500 4,000 5,500 35,400 Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) (a1) Your answer is correct. Prepare an income statement for the year. Whispering Winds Corp. did not issue any new stock during the year. Whispering Winds Corp. Income Statement For the Year Ended July 31, 201 Service Revenue 68100 Rent Revenue 9900 Total Revenues Expenses Salaries and Wages Expense 59500 17000 Supplies Expense 5500 Depreciation Expense 82000 Total Expenses -4000 Net Income / (Loss) SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (a2) Your answer is correct. Prepare a retained earnings statement for the year. Whispering Winds Corp. did not issue any new stock during the year Whispering Winds Corp. For the Year Ended July 31, 201 Retained Earnings, August 1, 2016 Less T Dividends Less : TNet Income / (Loss) 35400 (4000) (4000) 8000 Retained Earnings, July 31, 2017 27400 sHOW SOLUTRON SHow ANS 9 Y (b) Prepare a classified balance sheet at July 31.(List current assets in order of liquidity.) Whispering Winds Corp. Balance Sheet Assets Liabilities and Stockholders' Equity 9 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT question must be completed in order. This part will be available when you complete the part abov