AP2-30 (Calculate net Income and retained earnings; prepare statement of financial positlon) On December 31, 2016 (the end of its first year of operations), Minute Print Company had the following account balances: Bank loan payable (due in three years) Wage expense Supplies Dividends payable Sales Cash Supplies expense Wages payable Prepaid rent Interest expense Rent expense Dividends declared $ 40,000 93,000 68,000 1,500 486,000 24,000 214,500 4,500 2,000 2,500 12,000 3,000 ite. By using our site, you are agreeing to our Cookie Policy