Current Attempt in Progress These financial statement items are for Wildhorse Company at year end, July 31, 2021. Salaries payable $2,090 Notes payable (long-term) $1,810 15,000 9,880 Salaries expense 48,800 Cash Utilities expense 22,600 Accounts receivable Equipment 34,270 Accumulated depreciation-equipment Accounts payable 3,990 D. Wildhorse, drawings 5,870 2,910 Service revenue 62,200 Depreciation expense 4,050 Rent revenue 8,500 D. Wildhorse, capital (beginning of the year) 53,050 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e-8. (45).) WILDHORSE COMPANY Income Statement $ Prepare a statement of owner's equity for the year. The owner did not make any new investments during the year. (List items that increase owner's equity first.) WILDHORSE COMPANY Statement of Owner's Equity . $