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Use the following information for the year ended December 31, 2022. Prepaid insurance $1,100 Service revenue $20,000 Operating expenses 15,500 Cash 16,400 Accounts payable 10,500

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Use the following information for the year ended December 31, 2022. Prepaid insurance $1,100 Service revenue $20,000 Operating expenses 15,500 Cash 16,400 Accounts payable 10,500 Dividends 1,600 Accounts receivable 3,900 Notes payable 3,500 Common stock 11,000 Bonds payable 54,000 Retained earnings (beginning) 7,500 Equipment 68,000 Calculate the following: (Enter loss using either a negative sign preceding th Net income / (net loss) Ending retained earnings $ Total liabilities $

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