Tumer Company ended its fiscal year on July 31, 2012. The company's adjusted trial balance as of the end of its fiscal year is as shown below. TURNER COMPANY Credits $7.400 4.220 Adjusted Trial Balance July 31, 2012 No. Account Titles Debits 101 Cash $9.840 112 Accounts Receivable 8.780 157 Equipment 15.900 167 Accumulated Depreciation Equip 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 16.000 404 Service Revenue 429 Rent Revenue 711 Depreciation Expense 8,000 720 Salaries and Wages Expense 55,700 732 Utilities Expense 14.900 $129.120 1.800 45.200 64,000 6,500 $129,120 Instructions (a) Prepare an income statement and an owner's equity statement for the year. Turner did not make any capital investments during the year (b) Prepare a classified balance sheet at July 31