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A1 Supply Company compiled the following financial information as of December 31, 2025: Service revenue $1,120,000 Common stock 240,000 Equipment 320,000 Salaries and wages
A1 Supply Company compiled the following financial information as of December 31, 2025: Service revenue $1,120,000 Common stock 240,000 Equipment 320,000 Salaries and wages expense 400,000 Rent expense 100,000 Depreciation expense 500,000 Cash 280,000 Dividends 80,000 Supplies 40,000 Accounts payable 160,000 Accounts receivable Retained earnings, 1/1/2025 120,000 320,000 A1's retained earnings balance at December 31, 2025 is O $320,000. O $360,000. $40,000. O $440,000.
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