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The completed financial statement columns of the spreadsheet for Sheffield Company are as follows. Sheffield Company Worksheet For the Year Ended December 31, 2022 Income

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The completed financial statement columns of the spreadsheet for Sheffield Company are as follows. Sheffield Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,700 112 Accounts Receivable 10,800 130 Prepaid Insurance 2.600 157 Equipment 23.900 158 Accumulated Depreciation-Equip. 4,300 201 Accounts Payable 8,900 212 Salaries and Wages Payable 2,500 311 Common Stock 19,900 320 Retained Earnings 7,000 332 Dividends 19,500 400 Service Revenue 60,500 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 2,900 722 Insurance Expense 1,700 726 Salaries and Wages Expense 30,200 732 Utilities Expense 1,200 Total 37,600 60,500 65,500 42,600 Net Income 22,900 22,900 Totals 60,500 60,500 65,500 65,500 (a1) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheffield Company Income Statement $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit

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