Prepare an income statement for the year.

Prepare a statement of owners equity for the year. The owner did not make any new investments during the year.

Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.)

Question 21 of 23 - / 15 View Policies Current Attempt in Progress These financial statement items are for Carla Vista Company at year end, July 31, 2021. Salaries payable Salaries expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $1,980 47,400 21,500 34.290 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment D. Carla Vista, drawings Depreciation expense D. Carla Vista, capital (beginning of the year) $1,870 13,500 9,770 5,940 3.060 3,910 47,730 4,010 63,300 8,600 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45).) CARLA VISTA COMPANY Income Statement $ > > $ $