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 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 luv 31 2019 Revenues Service Revenue $ 62300 Rent Revenue 8300 Total Revenues 70600 Exnenses | Salaries and Wages Expense 51000i Utilities Expense 22400; Depreciation Expense 4300; Total Fxpenses 77700i -7100 Net Income / Il oss Total Revenues 70600 Fxnenses C Salaries and Wages Expense Utilities Expense Depreciation Expense Total Expenses Net Inrnme/lloss) 51000 22400 i 4 300 | C 77700; $ 0 -7100 e Textbook and Media List of Accounts (a2) Prepare a retained earnings statement for the year. Pronghorn Company Retained Earnings Statement e Textbook and Media List of Accounts Save for Later The parts of this question must be completed in order. This part will be available when you complete the part above