These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 utilities expense 21,100 Accounts receivable 9,730 Suipment 38,000 Accumulated depreciation 5,000 A unts payable 4,100 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning 48,000 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. Prepare a classified balance sheet at July 31