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Cash $ 79,618 Retained earnings 115,802 Cost of goods sold 412,149 Salaries and wages expense 108,226 Prepaid insurance 7,346 Inventory 60,738 Accounts receivable 83,111 Sales

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Cash $ 79,618 Retained earnings 115,802 Cost of goods sold 412,149 Salaries and wages expense 108,226 Prepaid insurance 7,346 Inventory 60,738 Accounts receivable 83,111 Sales revenue 549,854 Notes payable 6,109 Accounts payable 46,423 Service revenue 4,517 Interest expense 1,772 Prepare an income statement for Bonita Industries for the year ended December 31, 2022, Bonita Industries Income Statement $

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