Question 7 of 7 < > View Policies Current Attempt in Progress These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $2,400 Notes payable (due after 2023) $1.900 Salaries and wages expense 52,000 Cash 15,100 Utilities expense 22,300 Accounts receivable 10.200 Equipment 30,900 Accumulated depreciation-equipment 6.400 Accounts payable 4.600 Owner's drawings 3,000 Service revenue 63,400 Depreciation expense 4,100 Rent revenue 8,400 Owner's capital (beginning of the year) 50,500 - / 10 III (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CRANE COMPANY Income Statement