Exercise 4-17 (Part Level Submission) These financial statement items are for Metlock Company at year-end, July 31, 2017 1,573 Notes payable (long-term) 2,105 Salaries and wages payable Salaries and wages expense Utilities expense 51,974 Cash 22,414 30,428 Equipment Accounts payable Service revenue 14,618 9,597 5,603 2,854 4,107 22,950 Accounts receivable Accumulated depreciation- equip. Dividends Depreciation expense Retained earnings (beginning of the year) 4,597 62,074 8,565 Rent revenue Share capital- ordinary 28,525 (a) Prepare an income statement for the year. (If the amount for net income is negative, enter amount with either a negative sign preceding the number, e.g. -45 or parenthesis, .g. (45).) METLOCK COMPANY Income Statement