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You are provided with the following information for Cullumber Company effective as of its April 30, 2022 year-end. $946 Accounts payable Accounts receivable 860 650
You are provided with the following information for Cullumber Company effective as of its April 30, 2022 year-end. $946 Accounts payable Accounts receivable 860 650 Accumulated depreciation equipment Cash 1.210 Common stock 16,000 1.080 Cost of goods sold Depreciation expense 400 Dividends 325 Equipment 2.470 Goodwill 1.800 Income tax expense 150 Income taxes payable 145 Insurance expense 290 Interest expense 590 990 Inventory Investment in land 13.970 3.500 3.700 59 80 Land Mortgage payable (long-term) Notes payable short-term) Prepaid insurance Retained earnings beginning) Salaries and wages expense Salaries and wages payable Sales revenue 2.100 900 285 6,400 Stock investments (short-term) 1.600 (a1) Prepare an income statement for Cullumber Company for the year ended April 30, 2022. (Enter negative amounts using eithera negative sign preceding the numbereg.-45 or parentheses eg. (45.) CULLUMBER COMPANY Income Statement For the Month Ended April 30.2022
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