7 of 7 View Policies Current Attempt in Progress Here are incomplete financial statements for Cullumber, Inc.: Calculate the missing amounts. Cash Accounts receivable Building Total assets CULLUMBER, INC. Statement of Financial Position December 31, 2022 Liabilities and Shareholders' Equity Assets $4,200 Liabilities 8,400 Accounts payable 37,800 Shareholders' equity $50,400 Common shares (a) Retained earnings CULLUMBER, INC. Statement of Income Total liabilities and shareholders' equity Year Ended December 31, 2022 Service revenue $71.400 -/11 $4,200 (b) $50,400 Question 7 of 7 CULLUMBER, INC. Statement of Income Year Ended December 31, 2022 Service revenue $71,400 Salaries expense (c) Operating expenses 8,400 Income before income tax (d) Income tax expense Net income Balance, Jan. 1 Issued common shares Net income 4,200 (e)$ (0) CULLUMBER, INC. Statement of Changes in Equity Year Ended December 31, 2022 Retained Earnings Common Shares $4,200 (e) $8,400 (5) (e) -/11 Total Equity $12,600 Question 7 of 7 < Operating expenses 8.400 Income before income tax (d) Income tax expense 4,200 Net income (e)$ Balance, Jan. 1 Issued common shares Net income Dividends declared Balance, Dec. 31 (a)$ Save for Later CULLUMBER, INC. Statement of Changes in Equity Year Ended December 31, 2022 Common Shares $4,200 Retained Earnings $8,400 (f) -/11 Total Equity $12,600 (e) (e) (5,000 ) (5,000 $21,000 (g)$ Attempts: 0 of 15 used Submit