These financial statement items are for Crane Company at year-end, July 31, 2020. Salaries and wages payable $3,104 Notes payable (long-term) $3,120 Salaries and wages expense 47,528 Cash 5,408 Utilities expense 21,944 Accounts receivable 10,176 Equipment 39,520 Accumulated depreciation 6,240 Accounts payable 4.264 Owner's Drawings 4,160 Service revenue 59,488 Depreciation expense 4,160 Rent revenue 6,760 Owner's capital (beginning of the year) 49,920 The owner did not make any new investments during the year. CRANE COMPANY Income Statement $