P: Use the following to answer questions 15-19 JM, Inc., had the following account balances at the end of December Accounts Dividends Supplies Accounts payable Common stock Cash Utilities expense Salaries expense Service revenue Beginning Retained earnings Equipment Balances $120,000 3,000 22.000 300,000 35,000 20,000 380,000 600,000 200,000 ? 15. $ What were total expenses for the year? 16. S Calculate their net income for the year 175 Calculate their ending balance in Retained Earnings 18 What is their balance in stockholder's equity on 12/31 19.5 What is the balance of the Equipment account Use the following to answer questions 20-22 Determine ending retained ranings for a 103. At the beginning of year, the retained ear