Prepare financial statements (LO 1, 6) M I , 2011. E4-17 These financial statement items are for Van Dijk Company NV at year-end, July 31 2017. Salaries and wages payable $ 2,040 Notes payable (long-term) $ 1,800 Salaries and wages expense 50,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,240 Equipment 30,000 Accumulated depreciation-equip. 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 62,000 Depreciation expense 2,400 Rent revenue 8,500 Retained earnings (beginning Share capital-ordinary 25,000 of the year) 22,700 Instructions (a) Prepare an income statement and a retained earnings statement for the year. (b) Prepare a classified statement of financial position at July 31. *E4-18 Ronaldo Coman Use reversing entries