Current Attempt in Progress These financial statement items are for Sunland Company at year end, July 31, 2021. Salaries payable Salaries expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $2,080 48,000 22,400 34,300 4,070 63,700 8,600 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment D. Sunland, drawings Depreciation expense D. Sunland, capital (beginning of the year) $1,890 14,000 9,710 6,100 3,030 4,100 49,100 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 parentheses e.g. (45).) SUNLAND 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.) SUNLAND COMPANY Statement of Owner's Equity $ $ $ $ Liabilities and Owner's Equity $