These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 CULLUMBER COMPANY Income Statement For the Year Ended December 31, 20224 Revenues Service Revenue 72.680 Expenses $ 41.670 Salaries and Wages Expense Utilities Expense 2,180 Maintenance and Repairs Expense 1,600 Depreciation Expense 3,200 Insurance Expense 2,660 Total Expenses 51,310 Net Income /(Loss) $ 21,370 CULLUMBER COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 $ 32,850 Add : Net Income /(Loss) 21,370 54,220 Less : Dividends Retained Earnings, December 31, 2022 $ $ CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets Current Assets Cash $ 14.980 Debt Investments 5,200 Accounts Receivable 13,600 6,130 Prepaid Insurance Total Current Assets 3 Property, Plant and Equipment Liabilities and Stockholders' Equity Current Liabilities $ $ $