need solution for (a3) only

Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 V Revenues Service Revenue $ 70700 Expenses Utilities Expense 2140 i Maintenance and Repairs Expense 1660 i Depreciation Expense 3120 Insurance Expense 2680 Salaries and Wages Expense 39650 i Total Expenses 49250 Net Income /(Loss) $ 21450 These items are taken from the financial statements of Sheridan Company for 2022. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 64,500 Accounts payable 15,640 Cash 14,290 Salaries and wages payable 7.920 Common stock 22,300 Dividends 12,000 Supplies 3,000 Debt investment (long-term) 6,200 Trademarks 2,400 Service revenue 70,700 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 Depreciation expense 3,120 Accounts receivable 13,630 Insurance expense 2,680 Salaries and wages expense 39,650 Your answer is correct. Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) SHERIDAN COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 $ 35340 Add : Net Income /(Loss) 21450 56790 Less V: Dividends 12000 i Retained Earnings, December 31, 2022 $ 44790 e Textbook and Media Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity.) SHERIDAN COMPANY Balance Sheet V Assets $ $ Salaries and wages expense 39,650 Accumulated depreciation equipment 21.790 (a1) Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN COMPANY Income Statement V $ $ $ Liabilities and Stockholders' Equity $ $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above