Reference no: EM132632086
Question - These items are taken from the financial statements of Cullumber Company at December 31, 2022.
Retained earnings (beginning of year) $21,600
Utilities expense 2,100
Equipment 56,900
Accounts payable 16,500
Cash 16,600
Salaries and wages payable 3,500
Common stock 17,500
Dividends 13,400
Service revenue 84,000
Prepaid insurance 3,900
Maintenance and Repairs expense 1,800
Depreciation expense 3,600
Accounts receivable 15,500
Insurance expense 2,200
Salaries and wages expense 45,100
Accumulated depreciation-equipment 18,000
Required - Make an income statement for the year ended December 31, 2022.