Prepare a retained earnings statement for July 31.

These financial statement items are for Rugen Company at year-end, July 31, 2021. Salaries and wages payable $2,980 Notes payable (long-term) $3,000 Salaries and wages expense 45,700 Cash 5,200 Utilities expense 21,100 Accounts receivable 9,780 Equipment 38,000 Accumulated depreciation-equipment 6,000 Accounts payable 4,100 Dividends 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Retained Earnings (Aug. 1, 2020) 28,000 Common Stock 20,000 Prepare an income statement for July 31. RUGEN COMPANY Income Statement For the Year Ended July 31, 2021 Revenues Service Revenue $ 57,200 Rent Revenue 6,500 Total Revenues $ 63,700 Expenses Salaries and Wages Expense $ 45,700 Utilities Expense 21,100 i Depreciation Expense 4,000 i Total Expenses 70.800 i Net Income /(Loss) $ 7,100 RUGEN COMPANY Retained Earnings Statement For the Year Ended July 31, 2021 $ $