CARLA VISTA CORPORATION Statement of Financial Position For the Month Ended December 31, 2021 For the Year Ended December 31, 2021 December 31, 2021 $ Liabilities and Shareholders' Equity > $ signment - Chapters Question 4 of 6 11.46 These items are taken from the financial statements of Carla Vista Corporation for the year ended December 31, 2021: Retained earnings, January 1 $216,000 Cash 11.900 Salaries payable 3,000 Utilities expense 2,000 60,000 19.000 63,000 37,200 Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense 3,000 213,400 2,500 2,800 Land 182.500 Depreciation expense 6,200 Question 4 of 6 Depreciation expense 6,200 Accounts receivable 14.700 Insurance expense 2,200 Salaries expense 121,300 Accumulated depreciation-equipment 15,600 Income tax expense 6,000 Supplies 200 39,400 1,000 Operating expense Supplies expense Bank loan payable, due 2024 Trading investments Accumulated depreciation-buildings 15,000 18,500 19,000 Interest expense 1,500 Interest revenue 500 Additional information: 1. Carla Vista started the year with $25,000 of common shares and issued $12,200 more during the year. 2. Carla Vista must pay $1,500 of the bank loan payable next year in 2022