Current Attempt in Progress These financial statement items are for Blue Spruce Company at year-end, July 31, 2022. Blue Spruce Company Balance Sheet For the Month Ended July 31, 2022 Assets Current Assets Cash Accounts Receivable Total Current Assets Property, Plant and Equipment Equipment Less : Accumulated Depreciation-Equipment Total Assets 5500 Liabilities and Stockholders' Equity Current Liabilities Current Liabilities Accounts Payable Salaries and Wages Expense Total Current Liabilities Long-term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 4800 \begin{tabular}{|r|} \hline \\ \hline \end{tabular} $ 56700 Blue Spruce Company Retained Earnings Statement July 31,2022 Retained Earnings, August 1, 2021 Less : Net Income / (Loss) $ Less : Dividends Retained Earnings, July 31, 2022 $ Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Company Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue Rent Revenue $2000 Total Revenues $70800 Expenses Salaries and Wages Expense Utilities Expense Depreciation Expense Total Expenses Total Expenses eTextbook and Media List of Accounts Your answer is partially correct. Prepare a retained earnings statement for the year. Blue Spruce Company Retained Earnings Statement July 31, 2022 Retained Earnings, August 1, 2021 Less : Net Income / (Loss) $ $ 7900