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The following items and amounts were taken from Wildhorse Co.'s 2022 income statement and balance sheet. Cash $88,000 Accounts receivable $ 90,500 Retained earnings. 122,500
The following items and amounts were taken from Wildhorse Co.'s 2022 income statement and balance sheet. Cash $88,000 Accounts receivable $ 90,500 Retained earnings. 122,500 Sales revenue 581,700 Cost of goods sold 436,300 Notes payable 6,300 Salaries and wages expense 117,000 Accounts payable 55,500 Prepaid insurance 8,100 Service revenue 5,500 Inventory 64,300 Interest expense 1,830 Prepare an income statement for Wildhorse Co. for the year ended December 31, 2022. WILDHORSE CO. Income Statement For the Year Ended December 31, 2022 Revenues
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