Prepare a classified statement of position or balance sheet as of July 31, 2010.

Assume that the owner did not make any investments during the year of operations.

Use the data available below,

Wages and salaries payable	$2,080	Notes payable (long term)	$1,800
Wage and salary expenses	$48,700	Cash	$14,200
utility expenses	$22,600	accounts receivable	$9,780
Team	$34,400	Accumulated Depreciation-Equipment	$6,000
Accounts payable	$4,100	Owner's Drafts	$3,000
Service revenues	$63,000	depreciation expense	$4,000
rental income	$8,500	Owner's Equity (at the beginning of the year)	$51,200