These financial statement items are for Sunland Company at year-end, July 31, 2022. Salaries and wages payable $2,680 Salaries and wages expense 52,400 Utilities expense 23,000 Equipment 20,000 Accounts payable 4,300 Service revenue 62,100 Rent revenue 8,300 Notes payable (due 2024) 1,700 Common stock 16,000 Cash 22,900 Accounts receivable 12,610 Accumulated depreciation-equipment 5,100 Dividends 5,800 Depreciation expense 4,400 Retained earnings (beginning of the year) 40,930