These financial statement items are for Swifty Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1,500 51,100 22,600 29,100 4,800 61,100 8,200 31,400 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,700 15,300 9,000 6,200 3,500 4,300 20,000 Swifty Company Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 61100 Rent Revenue 8200 Total Revenues $ 69300 Expenses Salaries and Wages Expense 51100 i Utilities Expense 22600 i Depreciation Expense 4300 i Total Expenses 78000 i Net Income /(Loss) $ -8700 Prepare a retained earnings statement for the year. Swifty Company Retained Earnings Statement $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit