Exercise 2-5 (a1-a3) These financial statement items are for Ivanhoe Corporation at year end, July 31, 2018: Operating expenses Salaries expense Unearned revenue Utilities expense Equipment Accounts payable Service revenue Rent revenue Common shares Cash Accounts receivable Accumulated depreciation-equipment $ 900 1,600 14,500 3,400 16,940 11,500 4,800 2,000 19,500 Bank loan payable (due Dec. 31, 2018) 25,300 2,800 $32,500 Interest payable 47,700Supplies expense 12,000 Dividends declared 2,900 64,500 5,020 116,600 19,500 28,000 4,960 Depreciation expense Retained earnings, Aug. 1, 2017 Rent expense Income tax expense Supplies Held for trading investments 18,100Interest expense 6,500 Additional information: Ivanhoe started the year with $18,000 of common shares and issued additional shares for $10,000 during the year