These financial statement items are for Ivanhoe Company at year-end, July 31, 2020. Salaries and wages payable $2,564 Notes payable (long-term) $2,580 Salaries and wages expense 39,302 Cash 4,472 Utilities expense 18,146 Accounts receivable 8,412 Equipment 32,680 Accumulated depreciation 5,160 Accounts payable 3,526 Owner's Drawings 3,440 Service revenue 49,192 Depreciation expense 3,440 Rent revenue 5,590 Owner's capital (beginning of the year) 41,280 The owner did not make any new investments during the year.