These financial statement items are for Rugen Company at year-end, July 31, 2020.

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		9,780
Equipment		38,000		Accumulated depreciation		6,000
Accounts payable		4,100		Owners Drawings		4,000
Service revenue		57,200		Depreciation expense		4,000
Rent revenue		6,500		Owners capital (beginning of the year)		48,000

I Finished the income statement

Help needed with preparing the equity statement and balance sheet please

Prepare an income statement for the year. RUGEN COMPANY Income Statement For the Year Ended July 31, 2020 Revenues Service Revenue $ 57,200 Rent Revenue 6,500 Total Revenues $ 63,700 63.700 Expenses Salaries and Wages Expense $ $ 45.700 Utilities Expense 21,100 Depreciation Expense 4,000 Total Expenses 70.800 Net Income /(Loss) $ 7.100 Prepare a owner's equity statement for the year. (List items that increase retained earnings first.) RUGEN COMPANY Owner's Equity Statement For the Year Ended July 31, 2020 19 48.000 Less Net Income /(Loss) >