2b question 5

f Assignment 2-B REQUIRED Question 5 of 6 1.07 / 4 View Policies Show Attempt History Current Attempt in Progress These items are taken from the financial statements of Wildhorse Co. for 2022. Retained earnings (beginning of year) $32.560 Utilities expense 2,150 Equipment 63.100 Accounts payable 18,580 Cash 11.480 Salaries and wages payable 6,130 Common stock 23.100 Dividends 12.000 Supplies 3,600 Debt investment (long-term) 6,800 Trademarks 1.900 Service revenue 72.500 Prepaid insurance 6,630 Maintenance and repairs expense 1,650 Depreciation expense 3,420 Accounts receivable 15,190 Insurance expense 2,380 Salaries and wages expense 41,550 Accumulated depreciation-equipment 18.980 Your answer is correct. Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) WILDHORSE CO. Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 72500 Expenses V Utilities Expense 2150 i Maintenance and Repairs Expense 1650 1 Depreciation Expense 3420 i Insurance Expense 2380 i Salaries and Wages Expense 41550 1 Total Expenses V 51150 Net Income /(Loss) V 21350 e Textbook and Media List of Accounts List of Accounts Attempts: 1 of 3 used (a2) Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) WILDHORSE CO. Retained Earnings Statement V e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above