These financial statement items are for Cullumber Corporation at year end, July 31, 2021: $32,500 Interest payable $1,500 Operating expenses Salaries expense 45,200 Supplies expense 800 Deferred revenue 12,000 Dividends declared 14,500 Utilities expense 2,700 4,000 60,600 Depreciation expense Retained earnings, August 1, 2020 Rent expense Equipment Accounts payable 17,940 4,720 14,500 Service revenue 117,600 Income tax expense 5,200 Rent revenue 19,000 Supplies 1,300 Common shares 27,500 Trading investments 25,000 Cash 5,760 Bank loan payable (due December 31, 2021) 24,300 Accounts receivable 17,100 Interest expense 1,700 Accumulated depreciation-equipment 6,300 Additional information: Cullumber started the year with $17,000 of common shares and issued additional shares for $10,500 during the year. (a1) Prepare an income statement for the year