Question 1 of 2 -720 These items are taken from the financial statements of Oriole Corporation for the year ended December 31, 2021: Retained earnings, January 1 Cash Salaries payable Utilities expense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense Land Depreciation expense Accounts receivable Insurance expense Salaries expense $215,500 10,900 3,000 2,000 59,000 18.000 67.000 35,200 2.000 214,900 2.500 2.800 178.000 6.200 14,700 1,700 121,300 1,700 Tsurance Capelle Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2024 Trading investments Accumulated depreciation-buildings Interest expense Interest revenue 121,300 17.100 6,000 200 39.400 1,000 13,000 18,000 17.000 1.500 500 Additional information. 1. Oriole started the year with $27.000 of common shares and issued $8.200 more during the year. 2. Oriole must pay $1.500 of the bank loan payable next year in 2022 Question 1 of 2 -720 These items are taken from the financial statements of Oriole Corporation for the year ended December 31, 2021: Retained earnings, January 1 Cash Salaries payable Utilities expense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense Land Depreciation expense Accounts receivable Insurance expense Salaries expense $215,500 10,900 3,000 2,000 59,000 18.000 67.000 35,200 2.000 214,900 2.500 2.800 178.000 6.200 14,700 1,700 121,300 1,700 Tsurance Capelle Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2024 Trading investments Accumulated depreciation-buildings Interest expense Interest revenue 121,300 17.100 6,000 200 39.400 1,000 13,000 18,000 17.000 1.500 500 Additional information. 1. Oriole started the year with $27.000 of common shares and issued $8.200 more during the year. 2. Oriole must pay $1.500 of the bank loan payable next year in 2022