Exercise 4-17 a1,a2-b (Video) These financial statement items are for Norsted Company at year-end, July 31, 2019. Salaries and wages payable $2,080 Notes payable (long-term) $ 1,800 Salaries and wages expense 51,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,780 Equipment 30,400 Accumulated depreciation equipment 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 62,000 Depreciation expense 4,000 Rent revenue 8,500 Retained Earnings (beginning of the year) 21,200 Common Stock 30,000 Prepare an income statement for the year. (Enter negative amounts using either a negative sign precedin Norsted Company Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a retained earnings statement for the year. Prepare a retained earnings statement for the year. Norsted Company Retained Earnings Statement SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Norsted Company Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Help System Announcements Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE