These items are taken from the financial statements of Cullumber Company at December 31, 2022.

Retained earnings (beginning of year)

$21,600Utilities expense

2,100Equipment

56,900Accounts payable16,500Cash16,600Salaries and wages payable

3,500Common stock

17,500Dividends

13,400Service revenue

84,000Prepaid insurance

3,900Maintenance and Repairs expense

1,800Depreciation expense

3,600Accounts receivable15,500Insurance expense

2,200Salaries and wages expense

45,100Accumulated depreciationequipment

18,000

(a)

an income statement for the year ended December 31, 2022.