Exercise 2-8 These financial statement items are for Concord Corporation at year-end, July 31, 2017 Salaries and wages payable Salaries 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 59,300 16,900 20,300 4,100 67,900 9,800 3,000 16,000 30,600 10,980 7,900 4,000 5,900 35,400 Prepare an income statement for the year. Concord Corporation did not issue any new stock during the year. Concord Corporation Income Statement SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT