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 Equipment Accounts payable 17,100 21,000 Service revenue 3,900 67,900 10,000 3,200 Rent revenue Notes payable (due in 2025) Common stock 16,000 Cash 31,700 Accounts receivable 11,200 8,000 Accumulated depreciation- equipment Dividends 4,000 4,000 Depreciation expense 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).) WILDHORSE CO. Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue $ 67,900 Rent Revenue $10,000 Total Revenues $ 77,900 Expenses Salaries and Wages Expense $ 59,300 i Supplies Expense $17,100 i Depreciation Expense $4,000 i Total Expenses > $80,400 i Net Income /(Loss) $ -2500 Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year. WILDHORSE CO. Retained Earnings Statement $ A A