Service revenue R245,000 Dividends declared and paid 15,000 Rent expense H 4 / 6 Several amounts from Kamogelo Company at December 31, 2020, are listed below. R109,000 36,000 Search tools Comment Fill & Sign Salaries expense Buildings 110,000 Land 100,000 o More Tools Accounts payable 40,000 Accounts receivable 28,000 Capital stock 60,000 Retained earnings, Jan. 1, 40,000 2020 Utilities expense 19,000 Notes payable 30,000 Income tax payable 4,000 Income tax expense 11,000 Required: ( 1. Answer the following questions: Calculate net income for 2020. (6) 2. How much is Kamogelo Company's retained earnings at the end of 2020? (3) 3. What primary asset account is missing? e DOLL Share Convert and edit PDFs with Acrobat Pro DC Start Free Trial (1) Desktop 21C Rain 40 7:41 PM