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These financial statement items are for Wildhorse Company at year-end, July 31, 2022. $2,000 Salaries and wages payable Salaries and wages expense $1,500 Notes payable

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These financial statement items are for Wildhorse Company at year-end, July 31, 2022. $2,000 Salaries and wages payable Salaries and wages expense $1,500 Notes payable (due after 2023) ) 51,300 Cash 14,100 Utilities expense 22,900 Accounts receivable 9,300 30.900 Accumulated depreciation-equipment 5,500 Equipment Accounts payable Service revenue 4,900 Owner's drawings 3,400 63,400 Depreciation expense Owner's capital (beginning of the year) 4,100 50,700 Rent revenue 8.000 (21) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es. (45).) WILDHORSE COMPANY Income Statement $ $ $ e Textbook and Media List of Accounts Save for later Attempts:0 of 2 used Submit Answer (a2) Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. WILDHORSE COMPANY Owner's Equity Statement $ e Textbook and Media List of Accounts Save for Later Attempts:0 of 2 used Submit Answer (b) Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) WILDHORSE COMPANY Balance Sheet Assets $ $ $ Liabilities and Owner's Equity $ $ $

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