These financial statement items are for Cullumber Company at year-end, July 31, 2020. Salaries and wages payable $2.400 Notes payable (long-term) Salaries and wages expense 51,400 Cash Utilities expense 22,300 Accounts receivable Equipment 30,700 Accumulated depreciation-equipment Accounts payable 4,600 Owner's drawings Service revenue 61,100 Depreciation expense Rent revenue 8,100 Owner's Capital (beginning of the year) $1,900 14,800 9,600 6,100 3.900 3,800 52,300 (a1) Prepare an income statement for the year. The owner did not make any new investments during the year. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses 0.8. (451) CULLUMBER COMPANY Income Statement 10 A) Mao DOO 20 >Il Prepare an income statement for the year. The owner did not make any new investments during the year. (Enter negative amounts using either a negative sin preceding the number es. -45 or parentheses eg. (451) CULLUMBER COMPANY Income Statement $ 10 CA W O DOO 80 COD F 11 F5 FO F7 FB 10 %