Presented below is a balance sheet for Jim Henson Yard Service at December 31, 2022.

The following additional data are available for the year which began on January 1: All expenses (excluding supplies expense) total $6,000. Supplies on January 1, were $11,000 and $7,000 of supplies were purchased during the year. Net income for the year was $8,000 and dividends paid were $9,000.
Instructions Determine the following: (Show all computations.)
1. Supplies used during the year.
2. Total expenses for the year.
3. Service revenues for the year.
4. Stockholders' equity on January 1.

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JIM HENSON YARD SERVICE Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity Assets Cash $13,000 Liabilities Accounts receivable 6,000 Accounts payable $ 8,000 Supplies 9,000 Notes payable 15,000 Equipment 11,000 Stockholders' equity Retained Earings 15,000 Common stock 1,000 Total assets $39,000 Total liabilities & stockholders' equity $39,000