These financial statement items are for Rugen Company at year-end, July 31, 2020. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $2,980 45,700 21,100 38,000 4,100 57,200 6,500 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation Owner's Drawings Depreciation expense Owner's capital (beginning of the year) $3,000 5,200 9,780 6,000 4,000 4,000 48,000 (a 1) Prepare an income statement for the year. RUGEN COMPANY TOS