Question 21 of 27 View Policies Current Attempt in Progress These financial statement items are for Ivanhoe Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due 2024) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $2,570 52,500 22,600 21,700 5,400 62,400 8,600 1.650 15,000 22.000 12,650 6,000 5,300 4,200 39,330 Prepare an income statement for the year ended July 31, 2022. (Enter loss with either a-signes. -15,000 or in parenthesis es. (15,000).) IVANHOE COMPANY Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 62400 Rent Revenue 8600 Total Revenues 71000 Expenses Salaries and Wages Expense 52500 Utilities Expense 22600 Depreciation Expense 4200 Total Expenses 79300 Net income (Loss) -8300 (a2) Prepare a retained earnings statement for the year ended July 31, 2022. Ivanhoe Company did not issue any new stock during the year. IVANHOE COMPANY Retained Earnings Statement 0 $ Save for Later Attempts: 0 of 1 used Submit