These financial statement items are for Pronghorn Company at year-end, July 31, 2019. Salaries and wages payable $2,100 Salaries and wages expense 51,000 Utilities expense 22,400 Equipment 29,200 Accounts payable 4,800 Service revenue 62,300 Rent revenue 8,300 Common Stock 27,900 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,700 13,100 10,300 5,500 2,500 4,300 20,200 (21) Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pronghorn Company Income Statement For the Year Ended July 31 2019 Revenues Service Revenue Rent Revenue $ 62300 8 300 D | Total Revenues 70600 Expenses Salaries and Wages Expense 51000i Utilities Expense Depreciation Expense 22400; 4300 A 77700 Total Expenses Net Income/ll oss) 55) 1 -7100 eTextbook and Media List of Accounts (22) Your answer is correct. Prepare a retained earnings statement for the year. Pronghorn Company Retained Earnings Statement For the Year Ended July 31 2019 $ 20200 Retained Farnings Allgust 1 2018 less : Net Income/ll oss) $ 7100 i 2500 less Dividends 9600 10600 Retained Farnings July 31 2019 eTextbook and Media List of Accounts Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Pronghorn Company Balance Sheet Assets $ Liabilities and Stockholders' Equity eTextbook and Media