Exercise 4-17 (Part Level Submission) These financial statement items are for Flint Company at year-end, July 31, 2019 Salaries and wages payable $ 2,000 Notes payable (long-term) Salaries and wages expense 51,700 Cash Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $2,100 14,700 9,700 6,000 3,400 4,000 8,300 Retained Earnings (beginning of the year) 21,900 22,100 Accounts receivable 31,500 Accumulated depreciation-equipment 4,800 Dividends 61,500 Depreciation expense 30,500 (a1) Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Flint Company Income Statement For the Year Ended July 31, 2019 Revenues Service Revenue 61,500 Your answer is correct. Prepare a retained earnings statement for the year. Flint Company Retalned Earnings Statement For the Year Ended July 31, 2019 Retained Earnings, August 1, 2018 21,900 Less Net Income/ (Loss) 8000 LessDividends 3,400 11400 10500 Retained Earnings, July 31, 2019 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Flint Company Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Attempts: O of 3 used