Question: the red is incorrect. please help. These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and wages payable $ 3,680

These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and wages payable $ 3,680 Salaries and wages expense 58,900 Supplies expense 17,000 Equipment 20,100 Accounts payable 4,100 Service revenue 67,500 Rent revenue 9,900 Notes payable (due in 2025) 3,800 Common stock 16,000 Cash 30,400 Accounts receivable 11.780 Accumulated depreciation-equipment 7,500 Dividends 4,000 5,500 Depreciation expense Retained earnings (beginning of the year) 35,200 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4100 Salaries and Wages Payable 3680 Total Current Liabilities $ Long-term Liabilities Notes Payable (due in 2025) Total Liabilities Stockholders' Equity Common Stock 16000 Retained Earning 35200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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