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 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning of the year) 48,000 Income Statement For the Year Ended July 31, 2020 Revenues $ $