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Wiew Policies Current Attempt in Progress These financial statement items are for Sheridan Corporation at year end, July 31, 2021: $32,500 $1,300 Operating expenses Salaries expense 43,700 Interest payable Supplies expense Dividends declared 1,000 Deferred revenue 12,000 11,500 Utilities expense 3,200 Depreciation expense 4,000 Equipment 57,600 Retained earnings. August 1, 2020 21,440 4,520 Rent expense 15,000 Accounts payable Service revenue 115,600 Income tax expense 5,200 19,000 Rent revenue Supplies 2,500 Common shares 25,000 Trading investments 24,500 Cash 5,060 21,800 Bank loan payable (due December 31, 2021) 17,600 Accounts receivable 3,000 Interest expense Accumulated depreciation-equipment 5.700 Additional information: Sheridan started the year with $17,000 of common shares and issued additional shares for $8,000 during the year, Prepare an income statement for the year. SHERIDAN CORPORATION Income Statement $ MacBook Air Question 21 of 23 - /25 > Save for Later Attempts: 0 of 1 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above, (a3) The parts of this question must be completed in order. This part will be available when you complete the part above MacBook Air

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