Current Assets Cash Accounts Receivable Total Current Assets Long-Term Investments Intangible Assets CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets $ tA $ Total Assets Current Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ LA tA These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 Revenues Service Revenue Expenses Utilities Expense Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Total Expenses Net Income /(Loss) CULLUMBER COMPANY Income Statement For the Year Ended December 31, 2022 LA 2180 i 1600 i 3200 i 2600 i 41670 i tA tA 72680 51250 i 21430 Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnin CULLUMBER COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 Add: Net Income / (Loss) Less : Dividends Retained Earnings, December 31, 2022 LA LA 32850 21430 54280 12000 i 42280