66,000- Service revenue. P2.2 These items are taken from the financial statements of Martin Corporation for 2022. Retained earnings (beginning of year Utilities expense Equipment $31,000- Common stock 2,000 Diends/ 12,000- Accounts receivable 11,700 12,000 insurance expense 2,200- Accounts payable 18,300- Prepaid insurance 68,000 Salanes and wages expense 3,500- Accumulated depreciation- equipment 37,000 17,600- Cashe 10,100- Maintenance and repairs expense 1,800 Salaries and wages Payable 3,000- Depreciation expense 3,600- Page 2 of 4 Module 2 Chapter 2 Handout A Further Look at the Balance Sheet Instructions: Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2022. Martin Corporation Income Statement Revenues Expenses 4 Total Expenses Net Income Add Less t Current Assets Total Current Assets+ tttt Martin Corporation Retained Earnings Statement Martin Corporation Balance Sheet Assets 22232 22222