These financial statement items are for Barone Corporation at year end, July 31, 2020. Wages payable $2,000 Wages expense 47,300 Utilities expense 24,300 Equipment 36,400 Accounts payable 3,900 Service revenue 72,700 Rent revenue 8,800 Bank loan payable 2,000 Common shares 31,900 Cash 25,000 Accounts receivable 9,600 Accumulated depreciation, equipment 5,600 Dividends declared 3,800 Depreciation expense 4,100 100 Interest expense 1,400 Income tax expense Retained earnings, August 1, 2019 25,100 Barone issued $16,400 of common shares during the year.