These financial statement items are for B. Snyder Company at year-end, July 31, 2010.

Instructions(a) Prepare an income statement and an owner??s equity statement for the year. The owner did not make any new investments during the year.(b) Prepare a classified balance sheet at July31.

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Salaries payable Salaries expense Utilities expense Equipment Accounts payable Commission revenue Rent revenue $ 2.080 Note payable (long-term) Cash Accounts receivable Accumulated depreciation B. Snyder, Drawing $ 1,800 24,200 51,700 22,600 18,500 4.100 9,780 6,000 4,000 4,000 51.200 Depreciation expense B. Snyder, Capital (beginning of the year) 61.100 8,500