Exercise 2-8 (Part Level Submission) These financial statement items are for Wildhorse Co. at year-end, July 31, 2017. Salaries and wages payable sala ries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,880 59,200 17,000 20,300 4,100 67,800 9,900 2,900 16,000 30,900 10,880 7,600 4,000 5,600 35,700 (al) (a2) Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year. Wildhorse Co Retained Earnings Statement For the Year Ended July 31, 2017 v Retained Earnings, August 1, 2016 Add Net Income (Loss) Less Dividends Retained Earnings, July 31, 2017 v