Question 9 View Policies Current Attempt in Progress These financial statement items are for Sandhill Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $4,000 59,000 17,500 15,460 3,700 67,600 10,400 3,000 16,000 36,640 11,100 7,500 4,000 4,000 35,500 Prepare an income statement for the year. Sandhill Co. did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SANDHILL CO. Income Statement $ Liabilities and Stockholders' Equity Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) SANDHILL CO. Balance Sheet Assets Liabilities and Stockholders' Equity e Textbook and Media