These financial statement items are for Blossom Company at year-end, July 31, 2022. Salaries and wages payable $2,500 Salaries and wages expense 50,000 Utilities expense 22,000 Equipment 20,000 Accounts payable 4,000 Service revenue 60,000 Rent revenue 8,000 Notes payable (due 2024) 1,600 Common stock 15,000 Cash 20.000 Accounts receivable 12,500