These financial statement items are for Snyder Corporation at year-end July 31 2010.Salaries payable $ 2580Salaries expense 48700Utilities expense 22600Equipment 21000Accounts payable 4100Commission revenue 61100Rent revenue 8500Long-term note payable 1800Common stock 16000Cash 24200Accounts receivable 9780Accumulated depreciation 6000Dividends 5000Depreciation expense 4000Retained earnings (beginning of the year) 35200Required:Prepare an income statement and a retained earnings statement for the year.

  
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