Question 1 of 1 -/35 Bramble Corp.'s balance sheet at December 31, 2021, is presented below. Cash BRAMBLE CORP Balance Sheet December 31, 2021 $73,800 Accounts payable 136,500 Common stock ($10 par) (4.500) Retained earnings 13.200 $76,800 240,000 Accounts receivable Allowance for doubtful accounts Supplies 382.200 Land 120,000 426,000 Buildings Accumulated depreciation-buildings (66,000) $699.000 $699.000 During 2022, the following transactions occurred. 1. On January 1, Bramble issued 3,600 shares of $40 par, 7% preferred stock for $147.600. 2. On January 1, Bramble also issued 2.700 shares of the $10 par value common stock for $63,000. 3. Bramble performed services for $960,000 on account. 4. On April 1, 2022. Bramble collected fees of $108,000 in advance for services to be performed from April 1. 2022, to March 31, 2023. 5. Bramble collected $828.000 from customers on account. 6. Bramble bought $105,300 of supplies on account. 7. Bramble paid $96,600 on accounts payable. 8. Bramble reacquired 1.200 shares of its common stock on June 1 for $28 per share. 9. Pald other operating expenses of $564,600. 10. On December 31, 2022, Bramble declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock, all payable on January 15, 2023 11. An account receivable of $5,100 which originated in 2022 is written off as uncollectible. Adjustment data: 1. A count of supplies indicates that $17.700 of supplies remain unused at year-end. 2. Recorded revenue from item 4 above. 3. The allowance for doubtful accounts should have a balance of $10.500 at year end. 4. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $30,000 5. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earnings first) BRAMBLE CORP Statement of Retained Earnings e Textbook and Media List of Accounts Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment) BRAMBLE CORP. Balance Sheet Assets Question 1 of 1 - /35 E Liabilities and Stockholders' Equity $ E >