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Draw an income statement for the year ended december

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Reference no: EM132507768

The items below are taken from the financial statements of Pinax Company for 2021.

Retained Earnings (beginning of year) $33,200

Utilities Expense 2,130

Equipment 64,500

Accounts Payable 20,100

Cash 4,450

Salaries and Wages Payable 4,470

Common stock 21,900

Dividends 12,000

Supplies 3,700

Debt Investment (Long term) 5,900

Trademarks 2,200

Service Revenue 70,700

Prepaid Insurance 4,970

Maintenance and repairs expense 1,670

Depreciation expense 3,290

Accounts Receivable 15,280

Insurance Expense 2,510

Salaries and Wages expense 39,720

Accumulated Depreciation-equipment 21,950

Question 1: Attempt drawing up an income statement for the year ended December 31,2021. (Enter negative amounts using a negative sign or parentheses. Eg -45 or (45).

Reference no: EM132507768

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