Sandhill Company ended its fiscal year on July 31, 2020. The companys adjusted trial balance as of the end of its fiscal year is as follows.

Sandhill Company Adjusted Trial Balance July 31, 2020
No.		Account Titles		Debit		Credit
101		Cash		$10,600
112		Accounts Receivable		8,700
157		Equipment		16,500
158		Accumulated Depreciation-Equip.				$7,400
201		Accounts Payable				4,600
208		Unearned Rent Revenue				1,900
301		Owners Capital				46,300
306		Owners Drawings		15,600
400		Service Revenue				64,600
429		Rent Revenue				6,000
711		Depreciation Expense		8,800
726		Salaries and Wages Expense		55,700
732		Utilities Expense		14,900
				$130,800		$130,800

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).)

SANDHILL COMPANY Income Statement For the Year Ended July 31, 2020July 31, 2020For the Month Ended July 31, 2020
	$
		$
$
		$

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Prepare an owners equity statement for the year. Sandhill did not make any capital investments during the year.

SANDHILL COMPANY Owners Equity Statement July 31, 2020For the Month Ended July 31, 2020For the Year Ended July 31, 2020
		$
AddLess :
		$

SHOW LIST OF ACCOUNTS

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Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.)

SANDHILL COMPANY Balance Sheet For the Month Ended July 31, 2020For the Year Ended July 31, 2020July 31, 2020
Assets
			$
					$
Add Less :
					$
Liabilities and Owner's Equity
			$
				$
					$