Account Cullumber Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,900 112 Accounts Receivable 10,600 130 Prepaid Insurance 2,700 157 Equipment 24,500 158 Accumulated Depreciation-Equip. 4,500. 201 Accounts Payable 9,100 212 Salaries and Wages Payable 2,400 301 Owner's Capital 20,000 306 Owner's Drawings 10,800 400 Service Revenue 59,600 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 3,300 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,800 732 Utilities Expense 1,400 Totals 38,100 59,600 57,500 36,000 Net Income 21,500 21,500 59,600 59,600 57,500 57.500 Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues Service Revenue Expenses CULLUMBER COMPANY Income Statement For the Year Ended December 31, 2022 Maintenance and Repairs Expense 1600 i Depreciation Expense 3300 i Insurance Expense 2000 i Salaries and Wages Expense 29800 i Utilities Expense 1400 Total Expenses Net Income/(Loss) 59600 38100 i 21500 CULLUMBER COMPANY Owner's Equity Statement For the Year Ended December 31, 2022 Owner's Capital, January 1 Add Net Income/(Loss) Less Drawings Owner's Capital, December 31 $ 2000 21500 41500 10800 30700 (b) eTextbook and Media List of Accounts Save for Later Assets Liabilities and Owner's Equity Attempts: 0 of 3 used Submit