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Please give the answer to the highlighted and explain .. Thank you These financial statement items are for Carla Vista Corporation at year-end, July 31,
Please give the answer to the highlighted and explain .. Thank you
These financial statement items are for Carla Vista Corporation at year-end, July 31, 2022. DividendsDepreciationexpenseRetainedearnings(beginningoftheyear)4,0005,40035,700 CARLA VISTA CORPORATION Income Statement For the Year Ended July 31, 2022 Revenues Rent Revenue Service Revenue 67800 Total Revenues $77600 Expenses Depreciation Expense Salaries and Wages Expense Supplies Expense \begin{tabular}{|r|r|} \hline 16900 & i \\ \hline \end{tabular} Net Income / (Loss) CARLA VISTA CORPORATION Retained Earnings Statement July 31,2022 Retained Earnings, August 1, 2021 Less Dividends $ 4000 Net Income / (Loss) Retained Earnings, July 31, 2022 $35800Step by Step Solution
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