These financial statement items are for Rugen Company at year-end, July 31, 2018. Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 Utilities expense Equipment Accounts payable 21,100 Accounts receivable 9,780 38,000 Accumulated depreciation 6,000 4,100 Dividends 4,000 Service revenue Rent revenue Common stock 57,200 Depreciation expense 4,000 6,500 Retained earnings 28,000 20,000 (Aug. 1, 2017) Prepare a classified balance sheet at July 31.