Problem Question (5 Points) These financial statement items ane for Rugen Cempuny at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Notes payable (long-term) $ 3,000 5,200 $ 2,980 45,700 21,100 38,000 4.100 57,200 6.500 Cash 9,780 6,000 4,000 4,000 Accounts receivable Accumulated depreciation Owner's Drawings Depreciation expense Owner's capital (beginning of the year) 48.000 Instructions (a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. (b) Prepare a classified balance sheet at July 31