19. Record any appropriate adjusting entries on December 31st for wages earned by employees in the month of December (if applicable). Round to the nearest dollar. 20. Record any appropriate adjusting entries on December 31st pertaining to notes receivable (if applicable). Round to the nearest dollar. 21. Swanson Corp. purchased equipment at the beginning of the year. Over the course of the year, Swanson Corp. has allocated $3,500 worth of the asset's benefits have expired. Record any appropriate adjusting entries (if applicable). Round to the nearest dollar. 22. What is the Net Income for Swanson + a 2022 ? a. $19,250 b. $17,250 c. $58,000 d. $52,000 23. What value should be reported as the ending balance of retained earnings on the Statement of Stockholders' Equity? a. $30,250 b. $25,250 c. $27,250 d. $20,250 24. What value should be reported as the total liabilities and stockholders' equity for Swanson Corp. on the balance sheet for year end 2022 ? a. $63,000 b. $55,250 c. $61,000 d. $58,000 19. Record any appropriate adjusting entries on December 31st for wages earned by employees in the month of December (if applicable). Round to the nearest dollar. 20. Record any appropriate adjusting entries on December 31st pertaining to notes receivable (if applicable). Round to the nearest dollar. 21. Swanson Corp. purchased equipment at the beginning of the year. Over the course of the year, Swanson Corp. has allocated $3,500 worth of the asset's benefits have expired. Record any appropriate adjusting entries (if applicable). Round to the nearest dollar. 22. What is the Net Income for Swanson + a 2022 ? a. $19,250 b. $17,250 c. $58,000 d. $52,000 23. What value should be reported as the ending balance of retained earnings on the Statement of Stockholders' Equity? a. $30,250 b. $25,250 c. $27,250 d. $20,250 24. What value should be reported as the total liabilities and stockholders' equity for Swanson Corp. on the balance sheet for year end 2022 ? a. $63,000 b. $55,250 c. $61,000 d. $58,000