These financial statement items are for Sandhill Company at year end, July 31, 2021. Salaries payable $2,120 Notes payable (long-term) $1.680 Salaries expense 47,500 Cash 13,200 Utilities expense 23,800 Accounts receivable 9,890 Equipment 34,290 Accumulated depreciation-equipment 5,920 Accounts payable 4,050 D. Sandhill, drawings 2,960 Service revenue 62,200 Depreciation expense 3,910 Rent revenue 7,400 D. Sandhill, capital (beginning of the year) 52,180 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SANDHILL COMPANY Income Statement