Question 1 of 2 24.5 / 70 NE (b) Your Answer Correct Answer (Used) Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first) CULLUMBER COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 21,600 Add v : Net Income / [Loss) 29.200 50,800 Less : Dividends 13,400 i Retained Earnings, December 31, 2022 $ 37 400 (c) Prepare a classified balance sheet as of December 31, 2022. (List Current assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets 119030409.68477-1pg 118821641 34802..jpg 172883606 30287.jog 1895/672 68401.jpg 116826073 36258 /pg P324.5 / 70 Question 1 of 2 Your Answer Correct Answer (Used) Prepare an income statement for the year ended December 31 2022 CULLUMBER COMPANY Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 84 090 Expenses Utilities Expense 2.100 O Maintenance and Repairs Expense 1.800 Depreciation Expense 3,600 Insurance Expense 2.200 Salaries and Wages Expense 45,100 Total Expenses $4 800 Net Income / (Loss) 29 200 (b) Your Answer Correct Answer (Used) Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first. CULLLIMGED COMPANY 119030409_68477_jpg 118821641_34802.jpg 118883606_80287..jpg 118951672 68401..jpg 1188260 DELLQuestion 1 of 2 24.5 / 70 Balance Sheet Assets 3 Liabilities and Stockholders' Equity 119030409_684774.jpg 1 1832 1641 34802. pg 18383606 80287 109 4 118951672 6840T./pg D 178826073_36258., jog Ed DELL