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Cullumber Corporation began operations on January 1 , 2 0 2 5 . The following information is available for Cullumber on December 3 1 ,

Cullumber Corporation began operations on January 1,2025. The following information is available for Cullumber on December 31,2025 Accounts payable $ 6,500 Notes payable \$11,000 Accounts receivable 4,000 Rent expense 12,000 Advertising expense 4,330 Retained earnings ? Cash 5,100 Service revenue 29,500 Common stock 17,000 Supplies 3,900 Dividends 4,500 Supplies expense 1,370 Equipment 28,800

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