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3. (12 pts) The following items are taken from the financial statements of Sutch Company for Answer the following questions (Hint - prepare basic financial

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3. (12 pts) The following items are taken from the financial statements of Sutch Company for Answer the following questions (Hint - prepare basic financial statements): (a) What is net income for the year ended December 31,2022 (b) What is the balance in Retained Earnings at December 31,2022 (c) What is total Current Assets at December 31,2022 (d) What is total Current Liabilities at December 31,2022 (e) What is Total Assets at December 31,2022 (f) What is total Stockholder's Equity at December 31,2022

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