Exercise 4-17 a1,a2-b (Video) These financial statement items are for Blue Spruce Company at year-end, July 31, 2019. Salaries and wages payable $ 2,500 Notes payable (long-term) $ 1,900 Salaries and wages expense 51,200 Cash 13,000 Utilities expense 23,000 Accounts receivable 9,500 Equipment 30,600 Accumulated depreciation-equipment 6,300 Accounts payable 4,700 Dividends 2,900 Service revenue 60,700 Depreciation expense 4,500 Rent revenue 8,200 Retained Earnings (beginning of the year) 21,800 Common Stock 28,600 Blue Spruce Company Income Statement A $ Prepare a retained earnings statement for the year. Blue Spruce Company Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Blue Spruce Company Balance Sheet Assets $ Liabilities and Stockholders' Equity