View Policies Current Attempt in Progress These financial statement items are for Wildhorse Company at year-end. July 31, 2022. Salaries and wages payable $1,500 Notes payable (due after 2023) $2,000 Salaries and wages expense 51,300 Cash 14,100 Utilities expense 22,900 Accounts receivable 9.300 Equipment 30,900 Accumulated depreciation-equipment 5,500 Accounts payable 4,900 Owner's drawings 3,400 Service revenue 63,400 Depreciation expense 4,100 Rent revenue 8,000 Owner's capital (beginning of the year) 50,700 (a1) -/10 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses e.g. (45).) WILDHORSE COMPANY Income Statement Question 7 of 7 < eTextbook and Media List of Accounts Save for Later (a2) 5 -/10 1 Attempts: 0 of 2 used Submit Answer (21 Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. WILDHORSE COMPANY Owner's Equity Statement eTextbook and Media List of Accounts Saver Later Attempts: 0 of 2 used Submit Answer (b) Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) WILDHORSE COMPANY Balance Sheet Assets -/10 E Textbook and Media Liabilities and Owner's Equity $