Morton Corporation began the year with cash of $147,000 andland that cost $62,000. During the year Morton earned servicerevenue of $265,000 and had the following expenses salaries,$159,000, rent, $ Morton Corporation began the year with cash of \( \$ 147,000 \) and land that cost \( \$ 62,000 \). During the year Morton earned service revenue of \( \$ 265,000 \) and had the following expenses sal 1 answer