O' Hara Company began operations on December 1, 2017. Presented below is selected information related to O' Hara Company at December 31, 2017.

Question 2 O'Hara Company began operations on December 1, 2017. Presented below is selected information related to O'Hara Company at December 31, 2017. Equipment 160,000 Utilities Expense 24,000 Cash 56,000 Accounts Receivable 108,000 Service Revenue 432,000 Salaries and Wages Expense 188,000 Rent Expense 52,000 Notes Payable 40,000 Accounts Payable 64,000 Dividends 60,000 Share Capital-ordinary 112,000 Retained earnings at December 31, 2017 is