Question 2 of 3 < > View Policies Current Attempt in Progress These financial statement items are for Novak Tax Services at year-end, July 31, 2020. Salaries and wages payable 2,420 Notes payable (long-term) 2,088 Salaries and wages expense 56,492 Cash 16,472 Utilities expense 26,216 Accounts receivable 11,352 Equipment 39,904 Accumulated depreciation-equipment 6,960 Accounts payable 4,756 Dividends 3,480 Service revenue 73,080 Depreciation expense 4,640 Rent revenue 9,860 Retained earnings (beginning of the year) 36,192 Share capital-ordinary 23,200 -/1 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).) O Search L NOVAK TAX SERVICES Income Statement 28 uestion 2 of 3 < > Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number parentheses e.g. (45).) O Search L NOVAK TAX SERVICES Income Statement 28 of 3 < > O Search L NOVAK TAX SERVICES Statement of Financial Position Assets Equity and Liabilities -/1 estion 2 of 3 < > eTextbook and Media List of Accounts NOVAK TAX SERVICES Retained Earnings Statement Prepare a classified statement of financial position at July 31. (List Current Assets in the reverse order of liquidity) NOVAK TAX SERVICES on 3 of 3 < eTextbook and Media List of Aerunts O Search Equity and Liabilities -/1 E