Refer to the data in the preceding exercise. Prepare the balance sheet of the FedEx Kinko's at July 31, 2017.

Data from previous exercise

Payments of cash: Cash receipts: Acquisition of equipment S36,000 Issuance (sale) of shares to Dividends Retained earnings at July 1, 2017. Retained earnings at July 31, 2017.. Utilities expense Adjustments to reconcile net income 700 35,000 36,000 1,200 3,200 14,000 0 Rent expense Common shares 200 Equipment Office supplies expens to cash provided by operation Salary expense Cash balance July 1, 2017 Cash balance July 31, 2017 3,200 Accounts payable. 0 8,100