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DeBauge Realtors Incorporated is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following
DeBauge Realtors Incorporated is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2022, financial statements: For the Year Ended December 31, 2022: 5 Commissions revenue Cost of services provided Advertising expense Operating income Interest expense Income tax expense Net income At December 31, 2022: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 141 58 30 $ 53 6 17 $ 30 $ 33 41 124 $ 198 $ 89 7 50 23 29 $ 198 At December 31, 2021, total assets were $203 and total stockholders' equity was $52. There were no changes in notes payable or paid-in capital during 2022.
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