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These financial statement items are for Tamarisk, Inc. at year-end, July 31, 2017. Salaries and wages payable $3,480 Salaries and wages expense 58,800 Supplies expense

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These financial statement items are for Tamarisk, Inc. at year-end, July 31, 2017. Salaries and wages payable $3,480 Salaries and wages expense 58,800 Supplies expense 17,400 Equipment 19,900 Accounts payable 4,100 Service revenue 67,400 Rent revenue 10,300 Notes payable (due in 2020) 3,600 Common stock 16,000 Cash 30,500 Accounts receivable 11,580 Accumulated depreciation-equipment 8,000 Dividends 4,000 Depreciation expense 6,000 Retained earnings (beginning of the year) 35,300 Prepare an income statement for the year. Tamarisk, Inc. did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.)

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