23. The following balances relate to Jims Moving Service for the month ended March 31, 2021.

(show your work on calculations)

Sales revenue 73,450

Dividends Paid 795

Wages expense 15,550

General & Administrative expense 4,240

Utilities expense 2,890

Loss on Sale of Building 10,000

Cost of Goods Sold 21,420

Income tax expense 1,670

Retained earnings 3/1/21 9,800

Determine Jim's gross profit for the month of March.

Determine Jim's net income for the month of March.

Determine Jim's retained earnings balance at 3/31/21

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