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Blossom Company compiled the following financial information as of December 31, 2022: Service revenue $1136000 Common stock 237000 Equipment 318000 Salaries and wages expense 392000
Blossom Company compiled the following financial information as of December 31, 2022:
Service revenue | $1136000 |
Common stock | 237000 |
Equipment | 318000 |
Salaries and wages expense | 392000 |
Rent expense | 98000 |
Depreciation expense | 490000 |
Cash | 285000 |
Dividends | 77000 |
Supplies | 43000 |
Accounts payable | 174000 |
Accounts receivable | 125000 |
Retained earnings, 1/1/22 | 562000 |
Blossom's retained earnings balance at December 31, 2022 is:
A) $718000.
B) $598000.
C) $ 43000.
D) $641000.
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