These financial statement items are for Wildhorse Co. at year-end, July 31, 2022.

Salaries and wages payable		$ 3,900
Salaries and wages expense		59,300
Supplies expense		17,100
Equipment		21,000
Accounts payable		3,900
Service revenue		67,900
Rent revenue		10,000
Notes payable (due in 2025)		3,200
Common stock		16,000
Cash		31,700
Accounts receivable		11,200
Accumulated depreciationequipment		8,000
Dividends		4,000
Depreciation expense		4,000
Retained earnings (beginning of the year)		35,400

Prepare an income statement for the year. Wildhorse Co. 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).)

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