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Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000

Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000 Rent expense 92500 Depreciation expense 462500 Cash 282000 Dividends 75000 Supplies 42000 Accounts payable 158000 Accounts receivable 104500 Retained earnings, 1/1/22 555000 Waterway's total assets at December 31, 2022 are:

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