These financial statement items are for Rugen Company at year-end, 31, 2016 Salaries and wages payable $ 2,980 Notes payable long-term) 53.000 Salaries and wages expense 45,700 Cash 5.200 Utilities expense 21,100 Accounts receivable 9.780 Equipment 38,000 Accumulated depreciation 6.000 Accounts payable 4100 Owner's Drawings Depreciation expense 57200 Service revenue Rent revenue 5.500 Owner's capital beginning of the year Instructions a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year b) Prepare a classified balance sheet at jy 31) Ans