On December 31, The Company reports the following information. Administrative expense Salaries expense Phone expense Chapter 1 Submit Answers in Canvas (CP1) Supplies expense Common stock, beginning $120,000 Service revenue $650,000 415,000 Rent expense 20,000 12,000 Stock issued 100,000 5,000 Dividends 50,000 400,000 Retained earnings, beginning 325,000 1. Total expenses: 2. Net income: 3. Common stock, ending: 4. Retained earnings, ending: 5. Stockholders' Equity, ending: si sisse $ $ $

Chapter 1 Submit Answers in Canvas (CP1) On December 31, The Company reports the following information