These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $2,500 Salaries and wages expense 50,500 Utilities expense 23,000 Equipment 22,000 Accounts payable 4,200 Service revenue 60,000 Rent revenue 8,600 Notes payable (due 2024) 1,650 Common stock 19,000 Cash 22,500 Accounts receivable 12,640 Accumulated depreciation-equipment 5,800 Dividends 5,700 Depreciation expense 4,000 Retained earnings (beginning of the year) 38,590