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General Motors has been in the business since 2020. The following information concerning financial activities during 2022 is available at December 31, 2022: Service Revenue
General Motors has been in the business since 2020. The following information concerning financial activities during 2022 is available at December 31, 2022: Service Revenue $145,000 Cash $29,000 Accounts Receivable 21,000 Advertising Expense 4,000 Land 48,000 Common Stock 55,000 Accounts Payable 17,000 Retained Earnings, 1/1/22 13,000 Salary Expense ??? Utilities Expense 11,000 Building Rent Expense 23,000 Note Payable Supplies 1,000 Insurance Expense 10,000 Dividends Retained Earnings, 12/31/22 Amount of Net income/(Net Loss) for 2022 is: Net income/(Ne $42,000 0000 52,000 ??? 8,000 43,000 $38,000 $30,000 $36,000 $89,000 --D
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