net income for the year

ters 1 and 2 Question 2 of 5 Cullumber, Inc. has the following financial information as at December 31, 2021: Camping revenue $362,240 Cash 24,320 Equipment 158,720 Accounts payable 21,120 Bank loan payable 64,000 Income tax expense 12,800 Dividends declared 15,360 Operating expenses 313.600 Supplies 3.200 Common shares. Jan. 1 38,400 Common shares issued during year 19.200 Retained earnings. Jan. 1 23,040