These financial statement items are for Sandhill Company at year end, July 31, 2021. Salaries payable Salaries expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $2,160 49.100 21,600 34,410 4,050 62.900 7.900 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment D. Sandhill, drawings Depreciation expense D. Sandhill, capital (beginning of the year) $1,740 14,300 9,800 5,950 2,890 3,900 51,300 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (45).) SANDHILL COMPANY Income Statement Revenues Service Revenue 62900 Rent Revenue 7900 Total Reventies $ 70800 Expenses Salaries Expense $ Utilities Expense Prepare a statement of owner's equity for the year. The owner did not make any new investments during the year. (List items that increase owner's equity first.) SANDHILL COMPANY Statement of Owner's Equity Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) SANDHILL COMPANY Balance Sheet Assets Liabilities and Owner's Equity