Windsor Service had the following financial information at the end of 2022.

Instructions:
Prepare a 2022 income statement, 2022 retained earnings statement, and a 12/31/22 balance sheet for Windsor Service.

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1/1/22 2022 12/31/22 Accounts Payable $19,000 Accounts Receivable 25,000 Advertising Expense $1,000 Cash Common Stock Dividends Equipment 16,000 15,000 9,000 38,000 Notes Payable 20,000 Rent Expense 3,500 Retained Earnings $6,000 Salaries and Wages Expense 20,000 Service Revenue 55,000 Utilities Expense 2,500