Cash remaining	$4,800
Rent expense for the year	7,000
Land that has been purchased	21,000
Retained earnings	12,400
Utility expense for the year	4,900
Accounts receivable from customers	7,200
Service revenue recognized during the year	37,000
Salary expense for the year	13,300
Accounts payable to suppliers	2,200
Dividends paid to shareholders during the year	3,200
Common stock that has been issued prior to 2024	16,000
Salaries owed at the end of the year	2,400
Insurance expense for the year	3,500
Retained earnings at the beginning of the year	7,300

No common stock is issued during 2024.

Prepare the income statement for Cornhusker Company on December 31, 2024.

CORNHUSKER COMPANY
Income Statement
For the year ended December 31, 2024
Expenses:
Total Expenses: