Problem 3-698 Revenue Recognition and Matching Process Aunt Bea's Catering Service provides catering service for special occasions. During 2022, Aunt Bea performed $128,300 of catering services and collected $118,500 of cash from customers. Salaries earned by Aunt Bea's employees during 2022 were $38,500. Aunt Bea paid employees $35,000 during 2022. Aunt Bea had $1,200 of supplies on hand at the beginning of the year and purchased an additional $8,000 of supplies inventory during the year. Supplies on hand at the end of 2022 were $1,830. Other selling and administrative expenses incurred during 2022 were $5,800. Required: 1. Calculate revenue for 2022. Calculate expenses for 2022. 2. Prepare the 2022 statement of earnings. Aunt Bea's Catering Service Statement of Earnings: For the Year Ended December 31, 2022: Service revenue Expenses: Salaries Supplies Selling and administrative 38,500 All work saved ASUS VivoBook Previout Next Stove and Lat Sulent Test for Grailing 7:30 PM 1. 10 20 00 ING Def