These financial statement items are for Crane Company at year-end, July 31, 2020 Salaries and wages payable $2,400 Notes payable (long-term $1,900 Salaries and wages expense $2,000 Cash 15,100 Utilities expense 22.300 Accounts receivable 10,200 Equipment 30,900 Accumulated depreciation-equipment 6400 Accounts payable 4,600 Owner's drawings 3,000 Service revenue 63,400 Depreciation expense 4.100 Rent revenue 8,400 Owner's Capital (beginning of the year 50,500 (a1) Prepare an income statement for the year. The owner did not make any new investments during the amounts using either a negative sign preceding the number es-45 or parenthesees (45) CRANE COMPANY Income Statement eTextbook and Media