E4.17 (LO 4) These financial statement items are for Basten Company at year-end, July 31, 2022. Salaries and wages payable $ Notes payable (due after 2023) 2,080 1,800 Salaries and wages 48,700 Cash 14,200 expense 22,600 Accounts receivable 9,780 Equipment 34,400 Accumulated depreciation, 6,000 equipment Accounts payable 4,100 Owner's drawings 3,000 Service revenue 63,000 Depreciation expense 4,000 Rent revenue 8,500 Owner's capital (beginning of the year) 51,200 Instructions Utilities expense a) Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year. b) Prepare a classified balance sheet at July 31