These financial statement items are for Sunland Company at year-end, July 31, 2017 Salaries and wages payable $ 3,880 Salaries and wages expense 58,600 Supplies expense 17.200 Equipment 20,300 Accounts payable 4,100 Service revenue 67,200 Rent revenue 10.100 Notes payable (due in 2020) 3,500 Common stock 16,000 Cash 30.400 Accounts receivable 11.480 Accounts receivable 11,480 Accumulated depreciation-equipment 7.200 Dividends 4,000 Depreciation expense 5.200 Retained earnings (beginning of the year) 35,200 1 Your answer is partially correct. - 1 1 - Sunland Company Income Statement For the Year Ended July 31, 2017 Revenues Sales Revenue Rent Revenue Total Revenues $ Expenses Salaries and Wages Expense Supplies Expense Salaries and Wages Expense Supplies Expense Depreciation Total Expenses Net Income/(Loss) e Textbook and Media Sunland Company Retained Earnings Statement For the Year Ended July 31, 2017 Retained Earnings, August 1, 2016 Add Net Income /(Loss) Less: Dividends Retained Emines, July 31, 2017 e Textbook and Media Question 3 of 4