These financial statement items are for Sandhill Corporation at year end, July 31, 2021: Operating expenses $ 32,500 Interest payable Salaries expense 48,700 Supplies expense Deferred revenue 12,000 Dividends declared Utilities expense 2,500 Depreciation expense Equipment 56,600 Retained earnings, August 1, 2020 Accounts payable 4,320 Rent expense Service revenue 113,600 Income tax expense Rent revenue 18,000 Supplies Common shares 27,000 Trading investments Cash 4,860 Bank loan payable (due December 31, 20 Accounts receivable 21,600 Interest expense Accumulated depreciation-equipment 6,400 Additional information: Sandhill started the year with $ 15,000 of common shares and issued additional shares for $ 12,000 during the year. SANDHILL CORPORATION Statement of Changes in Equity Year Ended July 31, 2021 Common Shares Retained Earnings Total Equi $ ta