Salaries and wages payable $2,63050,700 Salaries and wages expense Utilities expense 23,700 Equipment 21,500 Accounts payable 4,200 Service revenue 60,100 Rent revenue 9,000 Notes payable (due 2024) 1,900 Common stock 17,000 Cash 20,600 Accounts receivable 12,510 Accumulated depreciation-equipment 5,600 Dividends 5.000 Depreciation expense 4,300 Prepare an income statement for the year ended July 31, 2022. (Enter loss with elther 0 - sign eg. 15,000 or in parenthesis eg. (15,000)) SANDHILL CO. Income Statement