These financial statement items are for Rugen Company at year-end, July 31, 2013. Salaries and wages payable$ 2,980Notes payable (long-term)$ 3,000 Salaries and wages expense45,700Cash8,200 Utilities expense19,100Accounts receivable10,780 Equipment38,000Accumulated depreciation6,000 Accounts payable5,100Dividends4,000 Service revenue57,200Depreciation expense4,000 Rent revenue6,500Retained earnings20,000 (Aug. 1, 2012) Common stock20,000 Retained earnings 19,900 (July 31, 2013) Instructions (a)Prepare a balance sheet at July 31.